Which of the Following Differences Between Financial Accounting and Tax

question 25

Multiple Choice

Which of the following differences between financial accounting and tax accounting ordinarily creates a deferred tax asset?

• A)Tax depreciation in excess of book depreciation.
• B)Revenue collected in advance.
• C)The installment sales method.
• D)None of these.

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Definitions:

Fixed-Ratio

A schedule of reinforcement where a response is rewarded only after a specified number of responses, encouraging a high, stable rate of responding.

Variable-Ratio

A reinforcement schedule in which a response is reinforced after an unpredictable number of responses, leading to high and steady response rates.

Latent Learning

Learning that occurs without reinforcement but is not demonstrated until there is an incentive to perform.

Shaping

A method of training by which successive approximations toward a target behavior are reinforced, used especially in behavior therapy.