The Asset-Liability Method of Interperiod Tax Allocation Currently Required by U.S.GAAP

question 37

Multiple Choice

The asset-liability method of interperiod tax allocation currently required by U.S.GAAP is an example of the

• A) discounted comprehensive recognition approach.
• B) no-deferral approach.
• C) partial recognition approach.
• D) comprehensive recognition approach.

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Definitions:

Collective Interests

are shared objectives or goals that are of common concern to a group or society as a whole.

Professional Association

An organization seeking to further a particular profession, protect the interests of its members, and maintain standards within the field.

Trade Union

An organization of workers designed to facilitate collective bargaining with employers over wages, work conditions, and benefits.

Human Relations

Interactions and relationships between people, especially in the workplace, emphasizing communication and cooperation.