Deferred Tax Liabilities Occur When Expenses Are Deductible for Book

question 40

True/False

Deferred tax liabilities occur when expenses are deductible for book purposes before tax purposes.

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Definitions:

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without any need for prior learning.

Stimulus

An external or internal change that influences the activity of a living organism or one of its parts.

Operant Conditioning

A technique of instruction where the potency of a conduct is influenced by rewarding or discouraging it.

Classical Conditioning

A method of pairing in learning where two stimuli are habitually associated; over time, the response originally from the second stimulus comes to be from the first stimulus alone.