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:

Cube

A three-dimensional geometric figure with six square faces, all of equal size, and eight vertices.

Consistency Check

In a database, compares the values of data in two or more fields to see if those values are reasonable.

Normalization

A process to ensure data is organized most efficiently in a database.

Data Centralization

When data is maintained in only one file.