ACCT 312 DeVry


ACCT 312 DeVry Final Exam Latest

Question 1. 1. (TCO 1) Using straight-line depreciation for financial reporting purposes and MACRS for tax purposes in the first year of an asset’s life creates a (Points : 6)

future deductible amount.

permanent difference not requiring interperiod tax allocation.

deferred tax asset.

deferred tax liability.

Question 2. 2. (TCO 2) Eligibility requirements and the nature of benefits for postretirement healthcare plans usually are specified in the (Points : 6)

written plan.

informal plan.

substantive plan.

severance plan.

Question 3. 3. (TCO 3) Which of the following is not included among the assumptions needed to estimate postretirement healthcare benefits? (Points : 6)

Employee turnover

Expected retirement age of plan participants

Life expectancy of plan participants

Return on plan assets

Question 4. 4. (TCO 4) ACCT 312 Final Exam A small stock dividend is defined as one that is (Points : 6)

less than or equal ACCT312DeVryFinalExam to 10%.

less than 25%.

less than or ACCT 312 DeVry equal to 40%.

less than 40%.

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