Quiz - 1. In terim income tax expense is based on The...

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1. Interim income tax expense is based on The interim period’s pretax earnings and tax rate applicable in that period Four times the interim period’s pretax earnings if the interim period is a quarter An estimate of the annual tax rate The average income tax for all previous interim periods and the current interim period 2. Which of the following measures is not used to determine whether a subunit of a business is a reportable segment? Revenue Owners’ equity Earnings Assets 3. Which of the following is not a post-employment benefit, according to SFAS No. 112 “Employers’ Accounting for Postemployment Benefits”? This one I looked in the book and on the web after I was done taking the test and these entire where on there as one that was a post-employment benefit. Salary continuation after severance Health insurance paid for a three-month period following a layoff Life insurance coverage paid for retirees Job training for laid-off workers
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This note was uploaded on 05/29/2011 for the course EC 2011 taught by Professor Johnson during the Spring '11 term at FIT.

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Quiz - 1. In terim income tax expense is based on The...

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