Which of the Following Items Results in a Temporary Difference

question 53

Multiple Choice

Which of the following items results in a temporary difference deductible amount for a given year?

• A) Premiums on officer's life insurance (company is beneficiary)
• B) Premiums on officer's life insurance (officer is beneficiary)
• C) Vacation pay accrual
• D) Accelerated depreciation for tax purposes;straight-line for financial reporting purposes

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Definitions:

Gestational-age Infant

Refers to a newborn and the period of gestation at which they were born, used to assess if the birth occurred prematurely, on time, or post-term.

Spontaneous Abortion

The natural loss of a pregnancy before the fetus can survive outside the uterus, often referred to as a miscarriage.

Ectopic Pregnancy

A medical condition where a fertilized egg implants and grows outside the uterine cavity, often in the fallopian tubes, posing serious health risks.

Multiple Pregnancy

A condition in pregnancy where more than one fetus develops simultaneously in the womb.