Q7. Regarding Patel’s and Shah’s statements about the Red Monkey’s deferred tax liability, which is correct? Patel
Shah
A) Incorrect Correct B) Correct Correct C) Incorrect Incorrect
Q8. Regarding Patel’s and Jayagopal’s statements about the effect of a tax cut from 41% to 31% in year three on Red Monkey, which is correct? Patel
Jayagopal
A) Incorrect Incorrect B) Correct Correct C) Incorrect Correct
Q9. When analyzing a firm’s reconciliation between its effective tax rate and the statutory tax rate, which of the following is least likely a potential cause for the difference between the effective rate and the statutory rate? A) Use of accelerated depreciation for tax purposes and straight-line depreciation for reporting purposes. B) Differential tax treatment between capital gains and operating income. C) Deferred taxes provided on the reinvested earnings of unconsolidated domestic affiliates.
| 
发表于 2009-1-19 11:05
| 
