Which of the Following Items Is Not a Temporary Difference

question 84

Multiple Choice

Which of the following items is not a temporary difference?

• A)Vacation pay accrued for tax purposes in a prior period is deducted in the current period.
• B)Tax depreciation for the period exceeds book depreciation.
• C)A goodwill impairment expense is recorded on the income statement; the goodwill did not have a tax basis when it was created.
• D)Bad debts charged off in the current period exceed the bad debts accrued in the current period.

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Definitions:

Work Flow Analysis

Examining how work progresses through a company to enhance both effectiveness and output.

Job Analysis

The process of examining a job's components to identify the duties, requirements, qualifications, and conditions associated with it.

Staffing

The process of hiring, positioning, and overseeing employees in an organization.