Two advantages of decentralization are that managers are encouraged to solve their own problems, and decisions are made more quickly, increasing the organization's flexibility and efficiency.

Do we need coding standards even if they make no difference to the functionality of software?

What will be an ideal response?

Inferno Inc. is embroiled in a lawsuit. In 2015 they recognize that a loss of $45,000 is probable. Given a tax rate of 40%, how will this be treated in the accounting records?

A) deferred tax asset of $18,000 B) deferred tax liability of $18,000 C) deferred tax asset of $45,000 D) deferred tax liability of $45,000