For Each Item Listed Below, Indicate Whether It Involves A

question 88

Essay

For each item listed below, indicate whether it involves a:
a.permanent difference.
b.temporary difference that will result in future deductible amounts (giving rise to deferred tax assets).
c.temporary difference that will result in future taxable amounts (giving rise to deferred tax liabilities).

Required:
Match each item to its descriptive phrase by placing the appropriate letter in the space provided.