Deferred Taxes Result From

question 90

Multiple Choice

Deferred taxes result from:

• A) The fact that bond interest is deductible in the computation of taxable income.
• B) Depositing income taxes due in future years in a special fund managed by an independent trustee.
• C) Timing differences between certain revenue and expense items recognized in financial statements and in income tax returns.
• D) The inability of a bankrupt company to pay its income tax liability on schedule.

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Definitions:

Grid Layout

A type of layout used by retail stores to move customers past merchandise arranged on rows of shelves or fixtures.

Supermarkets

Large retail market stores specializing in the sale of food and household items, often organized into sections for convenience and efficiency.

Anchor Stores

A large retail store that attracts people to shop at malls.

Secondary

Pertaining to the second level or stage; often refers to activities, information, or products that are not the primary focus but nevertheless important.