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NEW QUESTION: 1
Which two reports detail pending inventory adjustments for a count? (Choose two.)
A. Physical Inventory Tag Listing
B. Physical Inventory Counts Report
C. Cycle Counts Pending Approval Report
D. Cycle Count Listing
E. Physical Inventory Adjustments Report
F. Cycle Count Entries and Adjustments Report
Answer: C,E
NEW QUESTION: 2
During the first quarter of the calendar year, Worth Co. had income before taxes of $100,000, and its
effective income tax rate was 15%. Worth's effective annual income tax rate for the previous year was
3 0%. Worth expects that its effective annual income tax rate for the current year will be 25%. The
statutory tax rate for the current year is 35%. In its first quarter interim income statement, what amount of
income tax expense should Worth report?
A. $35,000
B. $25,000
C. $15,000
D. $30,000
Answer: B
Explanation:
Choice "b" is correct. When preparing interim financial statements, income tax expense is estimated each
quarter using the effective tax rate expected to apply to the entire year.
Choice "a" is incorrect. Worth should use the effective annual tax rate, not the effective tax rate for the
quarter only.
Choice "c" is incorrect. Worth should use the effective annual tax rate expected to apply to the current
year, not the prior year's effective tax rate.
Choice "d" is incorrect. Worth should use the effective annual tax rate, not the statutory tax rate.
NEW QUESTION: 3
Which three options are types of slow VLAN connectivity? (Choose three.)
A. slow application domain connectivity
B. slow broadcast domain connectivity
C. slow default gateway connectivity
D. slow collision domain connectivity
E. slow routing domain connectivity
F. slow inter-VLAN connectivity
Answer: B,D,F