Listed below are 5 terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the most correct term.
-Temporary difference
A) No tax consequences.
B) Produces future taxable amounts or future deductible amounts.
C) "More likely than not" test.
D) Noncurrent.
E) A "plug" for the net effect of the current tax liability and changes in deferred tax assets and liabilities.
Correct Answer:
Verified
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