Examlex
What prevents Titan from being a candidate for supporting an evolution of life?
Originating Temporary Difference
An originating temporary difference in accounting refers to the initial differences between the book value of an asset or liability and its tax base, which will result in taxable or deductible amounts in the future.
Permanent Difference
An accounting difference between the taxable income and accounting income that will not reverse in future periods.
Matching Principle
The accounting concept that expenses should be recognized in the same period as the revenues they helped to generate.
Temporary Differences
Differences between taxable income and accounting income that are only for a limited period and will reverse in the future.
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