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NEW QUESTION: 1
Which of the following describe characteristics of master data? (Choose two)
A. Master data is a template for transactional data.
B. Master data must be assigned on company code level.
C. Master data is used on a long-term basis for multiple business processes.
D. Master data is typically assigned to organizational levels.
E. Master data cannot be changed after creation.
Answer: C,D

NEW QUESTION: 2
You are an implementation consultant, and the client organization wants you to provide a solution for how not to display the welcome message in the total compensation statement.
What will your answer in this situation be? (Choose the best answer.)
A. Edit the "Do not display Welcome message" option in "Compensation Item."
B. Edit the "Do not display Welcome message" option in "Compensation Category."
C. Edit the "Do not display Welcome message" option in "Statement Definition."
D. Changing the welcome message is not possible.
Answer: C

NEW QUESTION: 3
Which of the following results in a tax base of zero?
A. Trade receivables have a carrying amount of US $1 .000 and the related revenue has been included in full in the determination of taxable profit.
B. A loan receivable has a carrying amount of US $1.000 and repayment has no tax effects.
C. Unearned interest revenue has a carrying amount of US $1.000 and the related interest revenue was included in full in the determination of taxable profit.
D. Accrued expenses have a carrying amount of US $1.000 and the related expense has been included in full in the determination of taxable profit.
Answer: C
Explanation:
The difference between the carrying amount of an asset or liability and its tax base is a temporary difference TD). A taxable (deductible) TD results in taxable deductible) amounts in the future when the carrying amount of the asset or liability is recovered or settled. The tax base is the amount attributed for tax purposes to an asset or Ii ability. The tax base of an asset is the amount deductible against future taxable economic benefits when the asset's carrying amount is recovered. The tax base of a liability is the portion of the carrying amount that will not be deductible against future taxable economic benefits for tax purposes. The tax base of revenue received in advance a liability is the portion of the carrying amount taxable in the future. For unearned interest revenue for which the related interest revenue was taxed on a cash basis, the tax base equals zero US $1.000 carrying amount - $1.000 not taxable in the future). An entity has purchased an asset with a 10-year useful life. It will use an accelerated depreciation method for determining taxable profit or tax loss. For determining accounting profit, it will use straight-line depreciation.