Which of the Following Statements About Tax Expense Per Books

question 24

Multiple Choice

Which of the following statements about tax expense per books and tax payable is false?

• A)If a corporation has no temporary differences between book income and taxable income, tax expense per books equals tax payable.
• B)If a corporation has no permanent differences between book income and taxable income, tax expense per books equals tax payable.
• C)Tax expense per books and tax payable are calculated from the same rate schedule.
• D)Statements B.and C.are false.

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Definitions:

Reinforcement

In behavioral psychology, it refers to any stimulus which strengthens or increases the probability of a specific response.

Positive Reinforcer

A stimulus that, when presented after a behavior, increases the likelihood of that behavior being repeated.

Negative Reinforcer

A stimulus whose removal or avoidance after a response strengthens that response or makes it more likely to happen again.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, evokes a conditioned response in classical conditioning.