The greater depreciation deduction allowed by the IRS, the:
a) higher before-tax profit, lower after-tax profit
b) lower before-tax profit, lower after-tax profit
c) higher tax amount; higher after-tax profit
d) lower tax amount, lower after-tax profit
e) lower tax amount, higher after-tax profit
Answer:
b) lower before-tax profit, lower after-tax profit
d) lower tax amount, lower after-tax profit
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Change statements include a:
A. Retained earnings statement, a balance sheet, and a cash flow statement. B. Balance sheet, a cash flow statement, and an income statement. C. Cash flow statement, an income statement, and a retained earnings statement. D. Retained earnings statement, a balance sheet, and an income statement.
The United States requires employers to give their employees how many paid vacation days and holidays?
A. 3 weeks. B. 5 days. C. 0 days. D. 5 weeks.