Question: Which of the following would not create a temporary difference? Group of answer choices A revenue included in the determination of book income this year
Which of the following would not create a temporary difference?
Group of answer choices
A revenue included in the determination of book income this year but not included in taxable income until next year.
An expense included in the determination of taxable income this year but not included in book income until next year.
A revenue included in the determination of book income this year but never included in taxable income.
A revenue included in the determination of tax income this year but not included in book income until next year.
All of these create temporary differences.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
