8. T F Angie has prior service cost of $680,000 on 1/1/19 with four employees. One has three years of service. one has four years of service and the other two have five years of service. Using years of service method, the prior service cost amortization for 2020 was $160,000. 9. TF GAAP requires adjustments for time value of money for deferred tax accounts. 10. T F Temporary differences are those that occur frequently. Permanent differences are those that seldom occur. 11. T F Intra-period tax allocation is applied to all of the following: Continuing Operations, Discontinued Operations, Extraordinary Items, Other Comprehensive Income, and Prior Period Adjustments

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