Which of the Following Is True

question 37

Multiple Choice

Which of the following is true?

• A)A deductible temporary difference is a temporary difference that results in future taxable income being more than accounting income.
• B)A Deferred Tax Liability is the amount of income tax payable in future deferred tax liability periods as a result of taxable permanent differences.
• C)A Taxable Temporary Difference is a temporary difference that results in future taxable income being less than accounting income.
• D)A deferred tax asset is the amount of income tax recoverable in future periods as a result of deductible temporary differences, losses carried forward, or tax credits carried forward.

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Definitions:

Challenging

Requiring great effort, skill, or endurance to overcome; difficult but potentially rewarding.

Observational Learning

A learning process through which behaviors are acquired by watching and imitating the actions of others.

Punishment

A method used to reduce or eliminate unwanted behavior by introducing a negative consequence or removing a desired stimulus following the behavior.

Authority

The power or right to give orders, make decisions, and enforce obedience.