Identify which of the followingadjustments to after-tax operating income is used to approximate cash income.
A: expensing research and development costs
B: using LIFO valuation
C: deducting interest payable
D: using taxes paid rather than tax expense
A: expensing research and development costs
B: using LIFO valuation
C: deducting interest payable
D: using taxes paid rather than tax expense
举一反三
- Identify which of the followingadjustments to after-tax operating income is used to approximate cash income.
- Which of the following statements is FALSE（） A: A deferred tax asset results when pretax income exceeds taxable income. B: Taxable income is a term used for tax reporting, while pretax income is used with financial reporting. C: When a deferred tax liability reverses, it means that a cash outflow for taxes is occurring.
- Which of the following taxes is the tax out of the price?( ) A: VAT B: excise tax C: income tax D: tobacco tax
- A tax loss carry forward is best described as the:（） A: net taxable loss that can be used to refund paid taxes from the previous year. B: difference of deferred tax liabilities and deferred tax assets. C: net taxable loss that can be used to reduce taxable income in the future.
- Dictation Tax One of the most important taxes is income tax which a person pays according to the amount of his income.[音频]