A Deductible Temporary Difference Is One That Will Result In

question 54

Multiple Choice

A deductible temporary difference is one that will result in:

• A) A decrease in income tax recoverable in future reporting periods when the carrying amount of the asset or liability is recovered or settled.
• B) An increase in income tax payable in future reporting periods when the carrying amount of the asset or liability is recovered or settled.
• C) A decrease in income tax recoverable in future reporting periods when the carrying amount of the asset or liability is recovered or settled and an increase in income tax payable in future reporting periods when the carrying amount of the asset or liability is recovered or settled.
• D) A decrease in income tax payable in future reporting periods when the carrying amount of the asset or liability is recovered or settled.
• E) None of the given answers.

---

Definitions:

Informal Nature

Characterizing situations, relationships, or behaviors that are casual or not bound by formal rules, regulations, or procedures.

Letter Style

The font or design of the alphabet in written communication, which can vary in formality and aesthetic.

Modified Block

in the context of document formatting, is a style where the text is aligned to the right or left margin, usually with indented paragraphs.

Indented Paragraphs

Paragraphs in which the first line is moved a few spaces to the right from the margin to visually separate the paragraph from others or to indicate a new section.