At Origination Which of the Following Temporary Differences Would Create

question 39

Multiple Choice

At origination which of the following temporary differences would create a deferred tax asset?

• A) Tax basis of an asset exceeds its financial reporting basis.
• B) Tax basis of a liability exceeds its financial reporting basis.
• C) Financial reporting basis of an asset is equal to its tax basis.
• D) Financial reporting basis of an asset exceeds its tax basis.

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Definitions:

Restraints

Devices or methods used to restrict a person's movement or freedom, often for safety reasons in medical or custodial environments.

Urinary Incontinence

The loss of bladder control, leading to the involuntary leakage of urine.

Periodically Removed

An item or substance that is taken away or eliminated at regular intervals.

Restraint

The act of limiting, confining, or restricting someone's movement, often for safety or behavioral control in a healthcare setting.