What Is the Amount of the Deferred Tax Asset or Liability

question 30

Multiple Choice

What is the amount of the Deferred Tax Asset or Liability on December 31, 2016?

• A) a Deferred Tax Liability of $1,500
• B) a Deferred Tax Liability of $375
• C) a Deferred Tax Asset of $375
• D)a Deferred Tax Asset of $1,500

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Definitions:

Pragmatic Thought

A type of thinking that focuses on practical or logical understanding and application of ideas, often associated with solving real-world problems.

Rape

A crime involving the unlawful sexual assault or any sexual intercourse without the consent of the victim.

Factors

Variables or elements that contribute to producing a result or influence the outcome of a process or situation.

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The consumption of drugs, alcohol, or other chemicals, which can range from casual use to substance abuse and dependence.