Which of the Following Describes a Permanent Difference

question 56

Multiple Choice

Which of the following describes a permanent 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:

Internet Gaming Disorder

A condition recognized by various healthcare organizations, characterized by excessive and compulsive engagement in video games, leading to significant impairment or distress.

DSM

Short for Diagnostic and Statistical Manual of Mental Disorders, it is a handbook used by healthcare professionals as the authoritative guide to diagnose mental disorders.

Cigarette Smoking

The act of inhaling and exhaling the smoke of burning tobacco encased in cigarettes, often leading to addiction and health risks.

Gambling Disorder

A behavioral addiction characterized by a continuous or periodic loss of control over gambling, preoccupation with gambling and money with which to gamble, irrational thinking, and a continuation of the behavior despite adverse consequences.