Which of the Following Relationships Will NOT Give Rise to a Presumption

question 30

Multiple Choice

Which of the following relationships will NOT give rise to a presumption of undue influence?

• A)Religious advisor and devotee.
• B)Doctor and patient.
• C)Parent and child.
• D)Husband and wife.

---

Definitions:

Deferred Tax Liability

A tax obligation that arises when there are temporary differences between the book value and the tax value of assets and liabilities.

Deferred Tax Asset

A Deferred Tax Asset arises when a company pays more tax to the government than it owes in its financial statements, which can be used to reduce tax liability in future periods.

Adjusted

Refers to the modification of financial statements to provide a more accurate picture by removing the effects of non-recurring transactions or events.

Permanent Differences

Differences between taxable income and accounting income that are not temporary and hence do not reverse over time.