21.Counterbalancing errors are those errors that correct themselves in two periods. Select one: True False

19.Interest is received on investments in tax-exempt government bonds. This will result in a: Select one: a. A permanent difference b. A temporary difference that will result in future deductible amounts and thus will give rise to a deferred income tax asset c. A temporary difference that will result in future taxable amounts and thus will give rise to a deferred income tax liability d. All of the above

15.15.Stock compensation costs are measured under which of the following methods? Select one: a. Fair-value b. Book-value c. Historical cost d. All of the above

12.During 2018, Smartie Co. had 50000 in weighted-average number of common shares outstanding and had revenues of $459402 and expenses of $166637. (they were very smart so they did not pay any taxes) What is the companys basic earnings per share? Select one: a. $5.86 b. $9.19 c. $3.33 d. $2.76

11.Dynamite Co. had net income of $3924, declared and paid preferred dividends of $1600, had $12200 in total assets and average common stockholders equity of $5698. The Return on (Common Shareholders) Equity is: Select one: a. 0.41 b. 0.19 c. 0.13 d. 0.69