a. Gains or losses from amendments to post retirement benefit plans are a component of other comprehensive income. b. Limited liability and double taxation are advantages of the corporate form of business. c. Interest income from an investment in municipal bonds is a permanent difference which does not create deferred taxes on the balance sheet. d. Defined benefit pension plans are the most popular form of retirement planning in corporations today. e. Subscriptions collected in advance are included in taxable income before financial statement income.

a. Gains or losses from amendments to post retirement benefit plans are a component of other comprehensive income. b. Limited liability and double taxation are advantages of the corporate form of business. c. Interest income from an investment in municipal bonds is a permanent difference which does not create deferred taxes on the balance sheet. d. Defined benefit pension plans are the most popular form of retirement planning in corporations today. e. Subscriptions collected in advance are included in taxable income before financial statement income.

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter19: Deferred Compensation

Section: Chapter Questions

Problem 8RP

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