Permanent Differences (Between Revenues and Expenses for Accounting and Tax

question 4

Multiple Choice

Permanent differences (between revenues and expenses for accounting and tax purposes) :

• A) can cause Deferred Tax Liabilities but not Deferred Tax Liabilities to arise
• B) can cause both Deferred Tax Assets and Deferred Tax Liabilities to arise
• C) can cause Deferred Tax Assets but not Deferred Tax Liabilities to arise
• D) can cause neither Deferred Tax Assets nor Deferred Tax Liabilities to arise

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Definitions:

Sweetened

means making an offer or deal more attractive by adding benefits or incentives to encourage acceptance.

Active Voice

A sentence structure where the subject performs the action expressed by the verb, resulting in clear and direct expressions.

Reading

The process of interpreting and understanding written or printed material.

Manufactured

Produced or made using machinery in a systematic process, typically on a large scale in factories.