A. Inventory
B. Supplies
C. Machinery
D. Depreciation
Depreciation expenses are deducted from net income for tax purpose.
Related Mcqs:
- An income available for shareholders after deducting expenses and taxes from revenues is classified as______________?
A. Net income
B. Net earnings
C. Net expenses
D. Net revenues - The most important item that can be extracted from financial statements is the actual ________ of the firm.
A. Net Working Capital
B. Cash Flow
C. Net Present Value
D. None of the given options - Net investment in operating capital is subtracted from net operating profit after taxes to calculate___________?
A. Relevant inflows
B. Free cash flow
C. Relevant outflows
D. Cash outlay - Type of bonds that pays no coupon payment but provides little appreciation are classified as______________?
A. Depreciated bond
B. Interest bond
C. Zero coupon bond
D. Appreciation bond - Rate of return that an investment provides its investor is classified as__________?
A. Investment return rate
B. Internal rate of return
C. International rate of return
D. Intrinsic rate of return - Which of the following costs are reported on the income statement as the cost of goods sold?
A. Product cost
B. Period cost
C. Both product cost and period cost
D. Neither product cost nor period cost - Formula such as net income available for common stockholders divided by total assets is used to calculate__________________________?
A. Return on total assets
B. Return on total equity
C. Return on debt
D. Return on sales - Income that is saved and not invested is known as____________?
A. Capital
B. Deposit
C. Hoarding
D. NoneSubmitted by: Ahsan
- A formula such as net income available to common stockholders divided by common equity is used to calculate __________?
A. return on earnings power
B. return on investment
C. return on common equity
D. return on interest - The marginal income tax rate is 28% and before tax rate of return is 14.5% then the after tax rate of return is __________?
A. 0.0744
B. 0.0844
C. 0.0944
D. 0.1044
The correct answer to the question: "Which of the following item provides the important function of shielding part of income from taxes?" is "Depreciation".
