Indicate Whether the Item Will Result in a Deductible Temporary

question 74

Essay

Indicate whether the item will result in a deductible temporary difference,taxable temporary difference or neither.
$\begin{array}{|l|c|c|c|}\hline& \text { Deductible } & \text { Taxable } & \text { Neither } \\&\text { temporary } & \text { temporary } & \\\text{item}&\text { difference } & \text { difference } & \\\hline \text{Rent revenue collected in advance that is}\\\text{taxable in the year received} & & & \\\hline \text{CCA that exceeds depreciation expense for}\\\text{property, plant, and equipment} & & & \\\hline \text{Membership dues that are not deductible} & & & \\\hline \text{Percentage of completion income that is}\\ \text{taxable only once the contract is complete} & & & \\\hline \text{Dividends received that are not taxable} & & & \\\hline\end{array}$

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Definitions:

Mental Abilities

The range of cognitive functions including memory, perception, problem-solving, and intellectual skills.

Practical Intelligence

Refers to the ability to solve everyday problems by utilizing knowledge gained from experience, as opposed to theoretical or abstract knowledge.

Solutions

Homogeneous mixtures composed of two or more substances in which the molecules are evenly distributed.

Sternberg

Refers to Robert Sternberg, a psychologist known for his triarchic theory of intelligence, which includes analytical, creative, and practical dimensions.