Which of the Following Items Will Not Create a Deferred

question 106

Multiple Choice

Which of the following items will not create a deferred tax liability?

• A) Operating loss or tax credit carryforwards exist.
• B) Expenses or losses are deductible earlier for tax purposes than for book purposes.
• C) Revenues or gains are recognized earlier for book purposes than for tax purposes.
• D) Tax basis of an asset is less than its book basis.

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Definitions:

Clinician's Duty

The ethical and professional obligation of healthcare providers to offer competent care, maintain confidentiality, and act in the patient's best interest.

Tarasoff v. Regents

A landmark legal case that established the duty of mental health professionals to warn individuals when a client poses a credible threat of violence towards them.

Tarasoff v. Regents

A landmark legal case establishing the duty of mental health professionals to warn individuals of threats made against them by a patient.

Intellectually Disabled

A term describing individuals with significant limitations in both intellectual functioning and in adaptive behavior, affecting social and practical skills.