Temporary Differences Arise When Revenues or Gains Are Included in Pretax

question 23

Multiple Choice

Temporary differences arise when revenues or gains are included in pretax financial income $\begin{array}{lll} & \text {Prior to the Time}& \text {After the Time}\\& \text {They Are Included in}& \text {They Are Included}\\& \text {Taxable Income}&\text {in Taxable Income}\\\text { I. } & \text { Yes } & \text { Yes } \\\text { II. } & \text { Yes } & \text { No } \\\text { III. } & \text { No } & \text { Yes } \\\text { IV } & \text { No } & \text { No }\end{array}$

• A)I
• B)II
• C)III
• D)IV

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Definitions:

Rebate

A partial refund following the purchase of a product, often used as a purchase incentive.

Discount

A reduction applied to the usual cost of goods or services, typically to encourage purchasing.

Research Evidence

Information and findings gathered through systematic investigation, used to support or refute an argument, hypothesis, or theory.

Trite Expression

A phrase or statement that has been overused to the extent that it loses its originality and impact.