The amount of income taxes ________
A) required by the federal government for a corporation is calculated on a Form 1120
B) paid by the corporation, when it files the Form 1120, is recorded as a debit to the Income Tax Expense account and a credit to the Cash account
C) the corporation owes, but has not yet paid, is recorded as a debit to the Income Tax Payable account
D) the corporation owes, but has not yet paid, is reported as a long-term liability on the balance sheet
A
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Web 2.0 includes each of the following except:
a. social networking b. static web pages c. podcasting d. user-generated video sites e. blogs
Which of the following is equivalent to a long position in a European call option?
A. A short position in a cash-or-nothing put option plus a long position in an asset-or-nothing put option B. A long position in an asset-or-nothing put option plus a long position in a cash-or-nothing put option C. A long position in an asset-or-nothing call option plus a long position in a cash-or-nothing call option D. A long position in an asset-or-nothing call option plus a short position in a cash-or-nothing call option