A revenue item that causes book income to be more (less)than taxable income when it is initially recorded,is called a temporary difference.

Name: A revenue item that causes book income to be more (less)than taxable income when it is initially recorded,is called a temporary difference.
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Question

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This statement correctly defines a temporary difference as a revenue item that causes a difference between book income and taxable income when initially recorded.

A Revenue Item That Causes Book Income to Be More