A temporary difference is one that:

• A.is caused by an item not taxable on the tax return but included in pretax accounting income
• B.is caused by an item not deductible for tax purposes but used in computing financial reporting income
• C.represents the difference between the tax basis of an asset or a liability and its reported balance sheet amount and that is expected to result in taxable or deductible amounts in future years

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An increase in the price of a complement for product A would:

• A.Shift demand for product A outwards.
• B.Shift demand for product A inwards.
• C.Shift supply for product A outwards.

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An individual has part of his money tied up in 6 stocks. He decided that each must remain in his portfolio, be sold, or be given to his son. How many possible outcomes does this individual face?

• A.18
• B.64
• C.729

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A consumer group wants to prove that the average hospital costs are more than $931 per day. The group randomly samples 60 accounts and finds a sample mean of $950. The hypothesis test is at an a-level of 5% and assumes a oof $50. Which of the following is true?

• A.the alternative hypothesis is H : u 931
  a
• B.the alternative hypothesis is H : u > 931
  a
• C.the null hypothesis is H : u > 931
  0

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If a researcher finds the null hypothesis to be false when it is actually true, a ______ error is occurring?

• A.None of the choices are correct.
• B.type II
• C.type I

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