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NEW QUESTION: 1
What is the deferred tax asset or liability reported on Lally's balance sheet on December 31 Year 2?
A. US $0
B. US $32,000
C. US $8,000
D. US $40,000
Answer: A
Explanation:
Deferred tax assets arise from deductible temporary differences and the carry Forward of unused tax losses and credits. Deferred tax liabilities arise from taxable temporary differences. The interest income not subject to tax resulted in neither future taxable nor future deductible amounts and therefore no deferred tax item was recognized for it. The only item resulting in a temporary difference was the rental income. A deferred tax liability would have been created at the end of Year I _ Given that the difference reversed in Year
2. no deferred amount existed at the end of Year 2.
NEW QUESTION: 2
Which journal entry type does General Ledger automatically reverse and post?
A. actuals and budgets
B. budgets and encumbrance
C. actuals
D. actuals, budgets, and encumbrance
E. budgets
Answer: C
NEW QUESTION: 3
Which of the following communication standards requires line-of-site with no obstacles in order to operate properly?
A. RF
B. WiFi
C. IR
D. Bluetooth
Answer: C
NEW QUESTION: 4
Which two hosts are part of subnet 172.16.160.0/20? (Choose two.)
A. 172.16.176.255
B. 172.16.160.255
C. 172.16.168.0
D. 172.16.176.1
E. 172.16.160.0
Answer: B,C
Explanation:
Explanation/Reference:
Explanation: