All of the Following Can Result in a Temporary Difference

question 63

Multiple Choice

All of the following can result in a temporary difference between pretax financial income and taxable income except

• A) payment of premiums for life insurance.
• B) depreciation expense.
• C) contingent liabilities.
• D) product warranty costs.

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Definitions:

Emperor Huizong

A Chinese emperor of the Song dynasty, remembered for his patronage of the arts and his disastrous political and military decisions.

Lady Feng

A revered figure in Chinese history, known for her bravery and loyalty during the Western Han Dynasty.

Yingxian

Refers to the location of the Wooden Pagoda, a famous and ancient towering structure in Shanxi, China, known for its architectural significance.

Gyeongju

A city in South Korea, known for its extensive historical sites and ruins from the Silla dynasty, including royal tombs and temple ruins.