Which statement is true: An extraordinary item must meet which of the following three criteria? a. Unusual and measurable, shown net of income tax. b. Infrequent and unusual, shown net of income tax. c. Foreseeable and material, shown net of income tax. d. Substantial and measurable, shown net of income tax.

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A: The answer is as fallows

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Q: report expenses using correct tax categories because

A: The accountants have to report expenses under correct categories always.

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A:

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A: The answer for the multiple choice question and relevant explanation are presented hereunder :

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A: Solution Note Dear student as per the Q&A guideline we are required to answer the first question…

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Q: the relevent IPSAS used in accounting for tax revenue with illustration.

A: These are accounting standards made particularly for the public sector.

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A: Answer: Balance sheet consists of assets and liabilities as part of financials.

Q: Which of the following differences between financial accounting and tax accounting ordinarily…

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Q: deferred tax liability uses    a. Expected future tax law, regardless of whether those expected laws…

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Q: ustification for the method of determining periodic deferred tax expense is based on the concept of?…

A: Solution: According to matching principal, If income is recognized in particular period, all…

Q: What is the statute of limitations for income tax returns

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A:

Q: A deferred tax liability or asset that is related to an asset or liability shall be classified in…

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Q: 1. Which of the following statements is true? A. Payments which constitute bribes, kickbacks and…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…