At Origination Which of the Following Temporary Differences Would Create

question 39

Multiple Choice

At origination which of the following temporary differences would create a deferred tax asset?

• A) Tax basis of an asset exceeds its financial reporting basis.
• B) Tax basis of a liability exceeds its financial reporting basis.
• C) Financial reporting basis of an asset is equal to its tax basis.
• D) Financial reporting basis of an asset exceeds its tax basis.

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Definitions:

Virtual Teams

Groups of individuals who work together from different geographic locations, connected by electronic communications technology.

Self-Directed Teams

Teams that manage themselves without the need for direct supervision, including planning, executing, and monitoring their work.

Substantial Autonomy

Describes a significant level of independence or self-direction that an individual or unit has to make decisions.

Communities of Practice

Groups of people who share a concern, a set of problems, or a passion about a topic, and who deepen their knowledge and expertise in this area by interacting on an ongoing basis.