accounting assignment 494998

A company would most likely choose the carryforward option for a net operating loss if the company expected Answer ??higher tax rates in the future compared to the past.????lower tax rates in the future compared to the past.????lower earnings in the future compared to the past.????higher earnings in the future compared to the past.??2 points    Question 2   A deferred tax liability arising from the use of an accelerated method of depreciation for tax purposes and the straight-line method for financial reporting purposes would be classified on the balance sheet as Answer ??a current liability.????a noncurrent liability.????a current liability for the portion of the temporary difference reversing within a year and a noncurrent liability for the remainder.????an offset to the accumulated depreciation reported on the balance sheet.??2 points    Question 3   All of the following can result in a temporary difference between pretax financial income and taxable income except Answer ??payment of premiums for life insurance.????depreciation expense.????contingent liabilities.????product warranty costs.??2 points    Question 4   Alpha had taxable income of $1,500 during 2014. Alpha used accelerated depreciation for tax purposes ($2,000) and straight-line depreciation for financial reporting purposes ($800). On December 30, 2014, Alpha collected the January 2015 rent of $600 on a lot it rents on a month-by-month basis to Zenith. Alpha’s pretax accounting income for 2014 would be Answer ??$900.????$2,100.????$3,300.????$3,700.??2 points    Question 5   An example of a “deductible temporary difference” occurs when Answer ??the installment sales method is used for tax purposes, but the accrual method of recognizing sales revenue is used for financial reporting purposes.????warranty expenses are recognized on the accrual basis for financial reporting purposes but recognized as the warranty conditions are met for tax purposes.????accelerated depreciation is used for tax purposes…