A temporary difference that is deductible in future years is called:
A) A deferred tax asset
B) A permanent tax liability
C) A permanent tax asset
D) A deferred tax liability
Correct Answer:
Verified
Q15: A firm reported the following in its
Q16: Which of the following could never be
Q17: On January 1, Year 2, GHI Inc.had
Q18: Company A had depreciation of $14,000 and
Q19: GFH had pre-tax accounting income of $1,400
Q21: KER commenced operations in 2013.The company had
Q22: At the end of 2014, the only
Q23: Which of the following is an example
Q24: Ryan Company paid golf dues on behalf
Q25: A characteristic of the taxes payable method
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents