1. The allocation of income tax expense across periods when book and tax income differ is called __________ allocation.
2. The smoothing of pension expense is:
3. When a company does not have any convertible securities or options or warrants outstanding, the company has:
4. A company purchased shares of stock of another company for $75,000 during 2014; the shares were classified as available-for-sale. The shares' market value was $79,000 at the end of 2014 and $81,000 at the end of 2015. Which of the following statements correctly describes the investor's accounting for the investment?
5. Cash flows arising from the purchase or sale of productive assets are cash flows from __________ activities.