What Is the Deferred Tax Liability Under the Deferral Method

question 11

Multiple Choice

What is the deferred tax liability under the deferral method for FY2017?

• A)$3,750
• B)$23,750
• C)$27,500
• D)$36,000

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Definitions:

Seafloor

The bottom of the ocean, covering a vast area and including features like plains, mountains, and trenches.

Continental Shelves

The underwater landmasses that extend around the continents, typically extending from the shore to a drop-off point known as the shelf break.

Abyssal Plains

Large, flat areas of the ocean floor that are among the deepest, most remote parts of the Earth's surface.

Abyssal Plains

Deep, flat or gently sloping areas of the ocean floor, situated between the continental margins and mid-ocean ridges, covered by sediment.