What is an "originating difference"?
A) The net carrying amount of a capital asset or capital asset class for tax purposes in Canada.
B) A temporary item that narrows that gap between accounting and tax values of an asset or liability.
C) A temporary item that widens the gap between accounting and tax values of an asset or liability.
D) The terminology used for depreciation of capital assets under for tax purposes in Canada.
Correct Answer:
Verified
Q48: The following information relates to the
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Q51: What is a deferred tax asset?
A)A deductible
Q52: For each of the following differences between
Q54: The following data represent the differences
Q55: What is the balance of the
Q56: A company has income before tax of
Q57: Indicate whether the item will result
Q58: The following information relates to the
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