What Is an "Originating Difference

question 30

Multiple Choice

What is an "originating difference"?

• A)The net carrying amount of a capital asset or capital asset class for tax purposes in Canada.
• B)A temporary item that narrows that gap between accounting and tax values of an asset or liability.
• C)A temporary item that widens the gap between accounting and tax values of an asset or liability.
• D)The terminology used for depreciation of capital assets under for tax purposes in Canada.

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Definitions:

Ligament

A band of tough, fibrous tissue connecting bones or cartilages, supporting and strengthening joints.

Abbreviation

A brief version of a word or phrase.

Glucocorticoid

A type of steroid hormone that is involved in regulating glucose metabolism, reducing inflammation, and controlling immune responses.

Anti-inflammatory Effects

The actions or effects that reduce inflammation or swelling in the body, often related to medications or natural substances.