Question 616

Deductible temporary differences result in a deferred tax ______ when the carrying amount of a liability is _____ than its tax base.
  • Question 617

    The distribution of lifetimes for a certain type of light bulb is normally distributed with a mean of 1000 hours and a standard deviation of 100 hours. Find the 33rd percentile of the distribution of lifetimes.
  • Question 618

    Which is true of positively skewed distributions?
    I). They have a limited, but frequent, upside.
    II). Their downside is less frequent but more unlimited.
    III). They are attractive to investors because their mean is larger than their median.
  • Question 619

    Which of the following describe(s) a speculator?
    I). An investor who neither wishes to sell natural gas nor wishes to buy natural gas takes a SHORT position in natural gas futures contracts
    II). A pet food manufacturer who wishes to purchase a large quantity of corn at the end of 6 months' time takes a LONG position in corn futures contracts
    III). An investor who neither wishes to buy silver nor sell silver takes a LONG position in silver futures contracts
  • Question 620

    According to SAS 99, which of the following is least likely to be a risk factor related to opportunities to commit fraudulent accounting?