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:

Element

A pure substance consisting of only one type of atom, distinguished by its atomic number or the number of protons in its nucleus.

Electron Configuration

This term refers to the distribution of electrons of an atom or molecule in atomic or molecular orbitals.

Carbon

A chemical element with symbol C, found in various forms like diamond, graphite, and as a constituent of carbon dioxide, essential for life on Earth.

Electron Configuration

The positioning of electrons in the atomic or molecular orbitals pertaining to an atom or a molecule.