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NEW QUESTION: 1
A. Option B
B. Option A
C. Option D
D. Option C
Answer: A,D
NEW QUESTION: 2
What statement(s) is/are true?
I). Deferred taxes are determined on the basis of average tax rates determined on an industry-by-industry basis.
II). Computation of taxable income is based on the matching principle.
A. I only.
B. II only.
C. None of them is true.
Answer: C
NEW QUESTION: 3
Answer:
Explanation: