At Origination Which of the Following Temporary Differences Would Create

question 39

Multiple Choice

At origination which of the following temporary differences would create a deferred tax asset?

• A) Tax basis of an asset exceeds its financial reporting basis.
• B) Tax basis of a liability exceeds its financial reporting basis.
• C) Financial reporting basis of an asset is equal to its tax basis.
• D) Financial reporting basis of an asset exceeds its tax basis.

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Definitions:

Three Types Of Cones

Photoreceptor cells in the retina of the eye that are responsible for color vision; typically sensitive to red, green, or blue light.

Frequency Of Impulses

Refers to the rate at which nerve or action potentials are generated and transmitted across neurons.

Trichromatic Theory

A theory of color vision that proposes that the eye has three types of receptors with differing sensitivities to different light wavelengths.

Perceive White

The process by which the visual system interprets a spectrum of light that reflects off surfaces without significant absorption, resulting in the perception of white color.