Which Method Does Not Use "Temporary Differences" to Account for Income

question 21

Multiple Choice

Which method does not use "temporary differences" to account for income tax expense?

• A)The taxes payable method.
• B)The deferral method.
• C)The accrual method.
• D)The tax allocation method.

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Definitions:

Raleigh

The capital city of North Carolina, named after the English explorer Sir Walter Raleigh.

Indians

Refers to the indigenous peoples of the Americas, often used in a historical context to describe the native populations encountered by European explorers and colonizers.

Europeans

People from the continent of Europe or of European descent.

Furs

Textiles made from the pelts of animals, historically significant in trade and fashion, but have become controversial due to ethical concerns regarding animal rights.