The accounting principle violated if temporary differences are not taken into account is the
A) historical cost principle.
B) matching principle.
C) conservatism principle.
D) cost/benefit principle.
Correct Answer:
Verified
Q42: Which of the following statements is not
Q43: Under IFRS rules,deferred tax assets and deferred
Q44: The allocation of the tax cost (benefit)across
Q45: Both IFRS and U.S.GAAP require that a
Q46: A temporary difference that causes book income
Q48: When depreciable assets are sold,the change in
Q49: Under IFRS deferred tax assets are recognized
Q50: The allocation of income tax expense across
Q51: When tax expense equals current taxes payable
Q52: A temporary difference created this year causes
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