Which of the Following Is True

question 37

Multiple Choice

Which of the following is true?

• A)A deductible temporary difference is a temporary difference that results in future taxable income being more than accounting income.
• B)A Deferred Tax Liability is the amount of income tax payable in future deferred tax liability periods as a result of taxable permanent differences.
• C)A Taxable Temporary Difference is a temporary difference that results in future taxable income being less than accounting income.
• D)A deferred tax asset is the amount of income tax recoverable in future periods as a result of deductible temporary differences, losses carried forward, or tax credits carried forward.

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Definitions:

Dallas

A city in the U.S. state of Texas known for its cultural activities, historical sites, and being a major economic center.

Demand Constraint

A limitation in operational research and economics that restricts the quantity of goods or services that can be demanded.

Distribution Center

A specialized building or area where products are stored and distributed to retailers, wholesalers, or directly to consumers.

Demand Constraint

A limitation in mathematical models of supply and demand that restricts the quantity of goods or services that can be offered or demanded.