What Is an "Originating Difference

question 30

Multiple Choice

What is an "originating difference"?

• A)The net carrying amount of a capital asset or capital asset class for tax purposes in Canada.
• B)A temporary item that narrows that gap between accounting and tax values of an asset or liability.
• C)A temporary item that widens the gap between accounting and tax values of an asset or liability.
• D)The terminology used for depreciation of capital assets under for tax purposes in Canada.

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Definitions:

Health Act

Legislation pertaining to the provision, regulation, and administration of health services and practices within a specific jurisdiction.

Equal Pay Act

A law that prohibits wage discrimination between men and women working in the same establishment who perform similar work.

Landrum-Griffin Act

Also known as the Labor-Management Reporting and Disclosure Act of 1959, it aims to protect union members' rights and improve union governance and transparency.

Internal Union Affairs

The internal business, policies, and decisions specific to a labor union's operation and governance.