Another term for a timing difference is:

Name: Another term for a timing difference is:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A timing difference is a difference in the recognition of an item of revenue or expense for tax purposes compared to financial accounting purposes, due to differences in timing. It is temporary because, eventually, the tax and financial accounting recognition will align. Therefore, of the options provided, the best choice is C: temporary difference.

Another Term for a Timing Difference Is