What Kinds of Temporary Differences Related to Income Taxes Can

question 45

Multiple Choice

What kinds of temporary differences related to income taxes can arise under IFRS that don't occur under U.S. GAAP?

• A) Book and tax differences related to the amortization of property, plant, and equipment for book purposes and cost method for tax purposes.
• B) Book and tax differences related to the calculation of impairments for book purposes with adjustment for tax purposes.
• C) Book and tax differences related to the revaluation of property, plant, and equipment for book purposes and cost method for tax purposes.
• D) Book and tax differences related to the calculation of contingent liability for book purposes with no like adjustment for tax purposes.

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Definitions:

Punish

The act of imposing a penalty or consequence on someone for their behavior or actions, often as a method of enforcing rules or discipline.

OB Mod

A management approach focusing on changing employees' behaviors through a system of rewards and punishments known as organizational behavior modification.

Reinforcement

In organizational behavior, the use of consequences to modify the occurrence and form of behavior through rewards or punishments.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.