Multiple Choice
An income tax accrual at yearend will most likely
A) decrease earnings per share.
B) decrease the debt/asset ratio.
C) decrease the debt/equity ratio.
D) be a contingency.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q90: Warranties should be accrued if it is<br>A)probable
Q91: The following information was taken from
Q92: Gain contingencies<br>A)should be accrued when probable and
Q93: The economic essence of one of the
Q94: If a loss contingency related to a
Q96: Alpine, Inc. sells baseball tickets for professional
Q97: Ranch Company estimates warranty expense as 5%
Q98: What concerns might exist when a company's
Q99: Pension expense is<br>A)accrued each period as employees
Q100: On October 1, 2017, Brooks Company