Match Each of the Following Terms with Their Correct Description

question 112

Multiple Choice

Match each of the following terms with their correct description from the items listed below.* Each term may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-The reduction of net income for tax purposes is allowed through CCA deductions, this creates a reduction in income taxes payable.

• A)Payback period
• B)Accounting rate of return
• C)Net present value
• D)Internal rate of return
• E)Discount rate
• F)Annuity
• G)Postaudit
• H)Compounding of interest
• I)CCA Tax Shield
• J)Future Value
• K)Discounted cash flows

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Definitions:

National Income

The total amount of money earned within a country, including wages, profits, rentals, and pension income.

Nominal GDP

The gross domestic product measured in current prices, without adjusting for inflation.

Intermediate Goods

Products used as inputs in the production of other goods or services, such as raw materials or components, which are not finished goods sold to end consumers.

Deflation

A drop in the overall pricing of goods and services, typically signaling a shrinkage in the money or credit available in the economy.