单项选择题

Discretionary fiscal policy can be defined as:

A．a situation in which total government spending exceeds total government revenue during a specific time period, usually one year.
B．a change in laws or appropriation levels that alters government revenues and/or expenditures.
C．a situation in which total government spending is less than total government revenue during a time period, usually one year.

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单项选择题When calculating cash flow from operations (CFO) using the indirect method, which of the following is most accurate

A．The indirect method requires an additional schedule to reconcile net income to cash flow.
B．In using the indirect method, each item on the income statement is converted to its cash equivalent.
C．When recognizing a gain on the sale of fixed assets, the amount is a deduction to operating cash flows.

单项选择题A firm is purchasing a new file server for $ 680000 with a 4-year expected life and a salvage value of $ 50000. It is expected that the new server will generate an additional $200000 in revenue each year. The firm will use the straight line method to depreciate the server for financial reporting, but the sum-of-year s digits (SYD) method for tax purposes. How much tax will be payable in year two, assuming a 35 percent tax rate

A．$ 3850.
B．-$ 1400.
C．$ 14875.