Which of the Following Is an Example of a Temporary

question 110

Multiple Choice

Which of the following is an example of a temporary difference,which would result in a deferred tax asset?

• A) Use of straight-line depreciation for accounting purposes and an accelerated rate for income tax purposes
• B) Rent revenue collected in advance when included in taxable income before it is included in pre-tax accounting income
• C) Use of a shorter depreciation period for accounting purposes than is used for income tax purposes
• D) Investment losses recognized later for accounting purposes than for tax purposes

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Definitions:

Nomination Process

The method by which political parties select and approve candidates for elected office in a democratic system.

Party Elites

High-ranking members within a political party who have considerable influence over party operations, decision-making, and policy direction.

Jeffersonian Republicans

A political philosophy and movement in the early United States advocating for states' rights and a limited federal government, opposed to the Federalist Party.

Federalists

Advocates for a strong central government who supported the ratification of the U.S. Constitution in the late 18th century, distinct from later political parties.