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:

Attentional Blink

A momentary lapse in visual processing that occurs when two stimuli are presented in close succession.

Stroop Effect

A demonstration of interference in the reaction time of a task, where naming the color of the word takes longer and is more prone to errors when the color of the ink does not match the name of the color.

Synaptic Connections

The points at which neurons communicate with each other through the release and reception of chemical messengers called neurotransmitters.

Response Dominates

A situation or condition in which one reaction or response prevails or is more prominent over others in influencing behavior or an outcome.