Which of the following is typically included in the income tax provision?
A) deferred income tax
B) state and local income tax
C) federal income tax on gain from discontinued operations
D) federal, state, and local payroll tax
Answer: B
Business
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Areas of business within a firm that are different enough to have their own missions, business objectives, resources, managers, and competitors are referred to as ________
A) strategic business units B) market development units C) market penetration units D) standard business units E) competitive intelligence units
Business
Ranier Parts Company has a return on assets of 12% and a return on common stockholders' equity of 15%. What causes the difference in the two returns?
Business