A Temporary Difference Will Result in a Deferred Tax Liability

question 50

True/False

A temporary difference will result in a deferred tax liability when future taxable income will be less than future pretax financial income.

---

Definitions:

Chemical Solutions

Homogeneous mixtures comprised of two or more substances with solutes dissolved in solvents.

Anatomy

The scientific study of the structure of living beings, including their systems, organs, and tissues.

Microscope

An instrument used to view objects that are too small to be seen by the naked eye.

Scalpel

A small and sharp instrument used in surgery and anatomy dissections for making precise cuts and incisions.