Author Question: How is it possible for a U.S. firm to have increasing earnings but a lower effective tax rate? ... (Read 57 times)

crobinson2013

  • Hero Member
  • *****
  • Posts: 535
How is it possible for a U.S. firm to have increasing earnings but a lower effective tax rate?
 
  a.The firm has expenses that are not deductible for tax purposes.
  b. Tax rates in foreign countries where the firm operates are higher.
   c. Tax rates in foreign countries where the firm operates are lower.
   d. It is not possible for a firm to have an effective tax rate different from the U.S. federal statutory tax rate.

Question 2

The following item would be classified as an operating activity on the statement of cash flows:
 
  a. Payments for inventory.
  b.Acquisitions of equipment.
  c. Proceeds from borrowing.
  d. Payments on loans.



akudia

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

a

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

For a complete list of videos, visit our video library