Which of the following statements is false? Permanent tax differences only affec
ID: 2501376 • Letter: W
Question
Which of the following statements is false?
Permanent tax differences only affect the period in which they occur.
Permanent tax differences enter into taxable income but never into pretax financial income.
Temporary tax differences enter into taxable income but never into pretax financial income.
The initial difference between the book basis and the tax basis of an asset or liability is called an originating temporary difference.
None of these answers are correct
Which of the following statements is false regarding the actual return on pension plan assets?
It includes the increase in pension fund assets due to dividends.
It includes any contributions made to the pension plan in the period.
It excludes any contributions made to the pension plan in the period.
None of these answers are correct.
It includes the increase in pension fund assets due to interest.
Stock option plans can be compensatory or non-compensatory. The characteristics of each type of plan are different. Which of the following is not a characteristic of a non-compensatory stock option plan?
None of these answers are correct
Discount from the market price of the stock no greater than would be reasonable in an offer of stock to stockholders or others.
The plan offers no substantive option feature.
Unlimited time period permitted for exercise of an option as long as the holder is still employed by the company.
Substantially all full-time employees may participate on an equitable basis.
Which of the following is not an alternative approach for measuring an employer's pension obligation?
Accumulated benefit obligation
None of these answers are correct
Vested benefit obligation
Capitalized benefit obligation
Projected benefit obligation
Explanation / Answer
Which of the following statements is false? Permanent tax differences only affec
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