Under the Accrual Method,what Is the Tax Expense in FY2017

question 80

Multiple Choice

Under the accrual method,what is the tax expense in FY2017?

• A)4,500
• B)30,500
• C)35,000
• D)39,500

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Definitions:

Parity Ratio

A ratio used to compare the price of a commodity to some base level, reflecting its purchasing power historically.

Prices Paid

The sum of money spent by consumers to purchase products or services.

Prices Received

refers to the amount of money that sellers receive for their goods or services in the market.

Parity Ratio

A ratio used to compare the value of one thing to another, such as the price of a commodity to the price of a set of other goods or incomes.