Which of the Following Statements Does Not Apply to Intrastatement

question 8

Multiple Choice

Which of the following statements does not apply to intrastatement tax allocation?

• A)It is also referred to as intraperiod tax allocation.
• B)It includes showing prior period adjustments net of tax effect.
• C)It includes showing extraordinary items, changes in accounting principle, and operations of discontinued segments net of tax effect.
• D)It is difficult to employ, and its costs appear to outweigh its benefits.

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Definitions:

Promotional Activities

Promotional activities are marketing efforts designed to inform, persuade or remind target audiences about a product, service, or brand.

Decrease Retailer Prices

A reduction in the amount charged by retailers for goods or services, potentially to attract more customers or clear inventory.

Vertical Contracts

Agreements between firms at different levels in the supply chain, such as a manufacturer and a retailer.

Benefits

Advantages or payments provided typically by employers or government programs to support well-being, such as health insurance or pension.