There Are Four Types of Temporary Differences

question 27

Essay

There are four types of temporary differences. For each type: (1) indicate the cause of the difference, (2) give an example, and (3) indicate whether it will create a taxable or deductible amount in the future.

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Definitions:

Mathematical Equations

Symbolic representations of relationships between variables or quantities that are used to solve problems and express basic principles in numerous disciplines.

Internal Human Resource Supply

Assessment of the current employees' capabilities and potential to meet the future HR needs of an organization.

External Supply

The resources or workforce a company hires or acquires from outside its existing operations to fulfill its needs.

Internal Supply

The availability of resources, talent, or inventory within an organization to meet its needs.