Which of the Following Will Not Result in a Temporary

question 4

Multiple Choice

Which of the following will not result in a temporary difference?

• A) Product warranty liabilities
• B) Advance rental receipts
• C) Installment sales
• D) All of these will result in a temporary difference.

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Definitions:

Advertising

The activity or profession of producing advertisements for commercial products or services.

Personal Selling

A direct marketing approach where salespersons personally communicate with potential customers to sell products or services.

Government Intervention

Actions taken by a government to influence or regulate various activities, markets, or economic conditions in a country.