Which Statement Is Correct

question 82

Multiple Choice

Which statement is correct?

• A)A deductible temporary difference results in future taxable income being higher than accounting income.
• B)A deductible temporary difference results in future taxable income being less than accounting income.
• C)A deductible temporary difference refers to the amount of income tax payable in the current
• D)A deductible temporary difference results from an event affecting accounting and taxable income in the same periods.

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Definitions:

Sensorimotor Period

The first of Jean Piaget's four stages of cognitive development, ranging from birth to about 2 years old, where infants learn about the environment through sensory experiences and motor activities.

Egocentrism

The cognitive inability to differentiate between one's own perspective and that of others, often seen in early childhood.

Intuitive Thought

Intuitive thought is a type of thinking that relies on instinct and feelings rather than analytical reasoning, often occurring automatically or subconsciously.

Centration

The tendency of children in Piaget's preoperational stage to focus on one aspect of a situation while neglecting others.