All of the following statements are true EXCEPT:
A) deferred income taxes can be thought of as a liability.
B) deferred income taxes arise because firms are allowed to keep two sets of financial statements; one for shareholders and one for the IRS.
C) deferred income taxes arise because firms are allowed to keep two sets of financial statements; one for the shareholders and one for internal management.
D) deferred income taxes are also referred to as deferred tax liabilities.
C
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How can an organization determine the success of their investment in social media?
A) By tracking the number of "likes" B) By tracking the cost of upkeep C) Using quantifiable metrics D) Using customer reviews and opinions posted on the sites E) By using customer surveys
The profitability index is the ratio of payoff to investment of a proposed project
Indicate whether the statement is true or false