Which Statement Is Correct

question 22

Multiple Choice

Which statement is correct?

• A)A deductible temporary difference results in future taxable income being higher than accounting income.
• B)A deductible temporary difference results in future taxable income being less than accounting income.
• C)A deductible temporary difference refers to the amount of income tax payable in the current year.
• D)A deductible temporary difference results from an event affecting accounting and taxable income in the same periods.