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:

Concise

The quality of expressing much in few words without losing clarity or relevance.

Impersonal

Lacking personal feeling or connection, often characterized by a formal or distant manner.

Five Goals

Specific objectives or targets that one aims to achieve, often used in planning and motivational contexts.

Business Relationships

Bonds or connections between businesses and their stakeholders, including customers, suppliers, and partners.