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.
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
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?