Which of the Following Statements Is Not Correct

question 106

Multiple Choice

Which of the following statements is not correct?

• A)Temporary differences causing taxable income in future periods to be higher than book income in future periods create deferred tax liabilities.
• B)Temporary differences causing taxable income in future periods to be lower than book income in future periods create deferred tax assets.
• C)A permanent difference results when a revenue enters into the determination of book income in one period but affects taxable income in a different period.
• D)A temporary difference causing book income to be less than taxable income when initially recorded is described as an originating difference.

---

Definitions:

Country

A nation with its own government, occupying a particular territory.

Crude Death Rate

A measure of the number of deaths in a given population during a specified period, typically expressed per thousand individuals per year.

Deaths

refers to the cessation of all biological functions that sustain living organisms, marking the end of life.

Population

The total number of people or inhabitants in a particular area or country.