1
Q
insurance premium for an key employee
A
Permanent Expense
2
Q
income from municipal bonds
A
Permanent revenue
3
Q
warranty expense
A
Deductible
4
Q
percentage-completion method
A
Taxable
5
Q
prepaid expense
A
Taxable
6
Q
unearned subscriptions
A
Deductible
7
Q
depreciation expense tax in excess of books
A
Taxable
8
Q
installment sales with excess of book income over taxable income
A
Taxable
9
Q
contingent expense/liability
A
Deductible
10
Q
rent receivable
A
Taxable
11
Q
50% meals and entertainment
A
Permanent expense
12
Q
dividends recieved deducation
A
Permanent revenue
13
Q
bad debt expense
A
Deductible
14
Q
payment of tax penatly
A
Permanent expense
15
Q
country club dues
A
Permanent expense
16
Q
gain on involuntary conversion of securities
A
Permanent revenue
17
Q
long term loss accrual excess carried to the next year
A
Deductible
18
Q
royalty income
A
Taxable
Intermediate Account 2 Flash cards
flashcards
Decks in class (3)
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