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Q1: Account Income Taxes Homework Unanswered ABC. Corp invests excess cash in municipal bonds (which are tax exempt) rather than earn a paltry bank account

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Q1: Account Income Taxes Homework Unanswered ABC. Corp invests excess cash in municipal bonds (which are tax exempt) rather than earn a paltry bank account return. For the year ending 12/31/2019, ABC was holding $2,500,000 of municipal bonds averaging a 7.5% interest rate. When preparing their books for FYE 2019, they realize this may cause a difference in taxable and pretax accounting income and any difference that does exist has a potential effect on future taxable income. Relating to municipal bond interest, which of the following is true: O A Future Taxable income is higher, creating a DTA o B Future taxable income is higher, creating a DTL o c Future tax deductions are higher, creating a DTL 0 D Future tax deductions are lower, creating a DTL None of the above is true [] Fullsc Q2: Share-based compensation and EPS Homework Unanswered For restricted stock plans and stock options, a company should allocate the associated compensation expense: O A Over the time from issuance to expiration At the date of issuance O c At the date of expiration Over the time from issuance to vesting O E At the date of vesting

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