Which of the Following Items Is Not a Temporary Difference

question 84

Multiple Choice

Which of the following items is not a temporary difference?

• A)Vacation pay accrued for tax purposes in a prior period is deducted in the current period.
• B)Tax depreciation for the period exceeds book depreciation.
• C)A goodwill impairment expense is recorded on the income statement; the goodwill did not have a tax basis when it was created.
• D)Bad debts charged off in the current period exceed the bad debts accrued in the current period.

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Definitions:

Jury

A group of citizens assembled to make a decision or find facts in a legal case based on evidence presented.

Civil Dispute

A civil dispute involves a legal disagreement between two or more parties in non-criminal matters, such as disputes over contracts, property, and personal injury.

Regulatory Offences

Violations of rules or regulations that are established by governmental bodies to control or govern conduct in various areas of business and society.

Criminal Law

A branch of law that deals with crimes and their punishments, including the definition of criminal offenses and the imposition of sanctions such as fines and imprisonment.