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NEW QUESTION: 1
Which combination leads to the lowest income tax paid in earlier years of a firm?
Inventory valuationDepreciation
I.FIFOStraight-line
II.LIFOStraight-line
III.FIFODouble Declining
IV.LIFODouble Declining
A. IV.
B. II.
C. I.
D. III.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
In the earlier years, this combination results in the lowest income reported and hence, the lowest taxes.
NEW QUESTION: 2
If X = 23 x 52 x 7, then the expression X/8 is not divisible by:
A. 25.
B. 1.
C. 7.
D. 2.
E. 5.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
From the given expression we learn that X/8 = 25 x 7, which is not divisible by 2.
NEW QUESTION: 3
What two tasks can a user with the Application Developer role perform?
A. Create an Application.
B. Create an API.
C. Deploy to a Gateway.
D. Subscribe to a Plan.
Answer: A,B
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