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Using the legend provided, classify each statement accordingly. In all cases, assume that taxable income is being adjusted to arrive at current E & P for 2015.
a.Increase
b.Decrease
c.No effect
-Gain on installment sale in 2015 deferred until 2016.
Burden
A duty or responsibility that is heavy to bear, often referring to stresses or obligations that may impact an individual or organization negatively.
Predictive Validation
The process of using a test among job applicants and then correlating test scores to job performance scores obtained at a later time to determine the test's predictive accuracy.
Concurrent Validation
A method of validating a test by comparing its results with relevant criteria measured at the same time, used to assess the accuracy of a test or measurement tool.
Potential Advantages
Benefits or strengths that an organization or individual could exploit to achieve its objectives.
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