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NEW QUESTION: 1
Which of the following statements about strategic planning is true?
A. It is top-level planning that is not tied to other planning activities.
B. It helps integrate the plans of marketing and production.
C. It involves primarily personnel development and acquisition of long-lead-time materials.
D. It is focused on the master production schedule (MPS) and the material requirements plan.
Answer: B
NEW QUESTION: 2
When the liability method is used, the amount recognized for income tax expense is:
A. the sum of the taxes currently payable and the amount of the adjustment to the deferred tax liability, less the amount of the adjustment to the deferred tax asset
B. the sum of the taxes currently payable and the amount of the adjustment to the deferred tax asset, less the amount of the adjustment to the deferred tax liability
C. the sum of the taxes currently payable, the amount of the adjustment to the deferred taxes asset, and the amount of the adjustment to the deferred tax liability
Answer: A
Explanation:
The debit to income tax expense is the amount to make the journal entry balance. It will be calculated as income tax payable plus the credit to deferred tax liability, less the debit to deferred tax asset.
NEW QUESTION: 3
What is the European Standard equivalent of the FCC?
A. ITU
B. ISM
C. ETSI
D. IEEE
Answer: C