Which of the Following Temporary Differences Creates a Deferred Tax

question 67

Multiple Choice

Which of the following temporary differences creates a deferred tax asset in the year in which it originates?

• A)Accelerated tax depreciation in excess of straight-line book depreciation.
• B)Prepayment income reported as income on the tax return prior to being reported as income on the financial income statement.
• C)Gain reported on the income statement prior to being reported on the tax return.
• D)Prepayment deduction reported on the tax return prior to being reported on the income statement.

Identify substances used for performance enhancement in sports and their effects.

Describe the pharmacological classification of drugs and their effects on appetite, self-confidence, and the nervous system.

Understand the relationship between opiate use and the body’s endorphin production.

Assess the impact of psychoactive drugs on sleep and memory.

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Definitions:

Bilateral Relationship

A relationship between two countries or entities characterized by mutual agreements, cooperation, or exchange of goods/services.

Ethnic Turmoil

Conflict or unrest within a nation or community, typically arising from racial or ethnic differences.

Civil Strife

Conflict and disruption within a country or region, often involving violence between different groups or the state.

Economic Development

The process by which the economic well-being and quality of life of a nation, region, or local community are improved according to measurable targets such as job creation, wealth support, and improved social services.