Which of the Following Describes a Temporary Difference

question 49

Multiple Choice

Which of the following describes a temporary difference?

• A)A difference that will be corrected in an amended tax return.
• B)A difference arising from an uncertain tax position.
• C)A fundamental difference in what constitutes revenue or expense for GAAP and tax purposes.
• D)A timing difference between the recognition of revenue or expense under GAAP and tax purposes.

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Definitions:

Field of Education

An area of study or a branch of knowledge that is taught and researched within the educational system.

Zone of Proximal Development

The variance in performance between tasks a student can handle alone and those they can accomplish with the assistance and positive reinforcement of an experienced mentor.

Form of Learning

Refers to the various methods or ways through which individuals acquire knowledge, skills, and behaviors, such as observational learning or experiential learning.

Egocentrism

A cognitive trait where an individual is unable to understand that other people have their own perspectives and feelings.