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:

Democratic Leader

A leadership style characterized by sharing decision-making responsibilities among members of the group, valuing the input of team members and stakeholders.

Autocratic Leader

A leader who makes decisions unilaterally without consulting others, often exerting high levels of control over all aspects of a group or organization.

Skills And Capabilities

The combination of abilities and learned knowledge that individuals or organizations possess, which can be applied to perform tasks effectively.

Autocratic Leader

A leadership style characterized by individual control over all decisions and little input from group members.