Under the Accrual Method,what Is the Current Year Temporary Difference

question 107

Multiple Choice

Under the accrual method,what is the current year temporary difference in FY2017?

• A) 30,000
• B) 47,250
• C) 35,000
• D) 12,250

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Definitions:

Commission

Commission is a fee paid to an agent or employee for transacting a piece of business or performing a service, often a percentage of the sale.

Monthly Salary

A fixed amount of money or compensation paid to an employee by an employer for services rendered during a month.

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, often a percentage of the transaction.

Appliances

Electrical or mechanical machines that perform domestic functions, such as refrigerators or washing machines.