Temporary differences are book-tax income differences that eventually appear in either the financial statements or the income tax return,but not both.

Name: Temporary differences are book-tax income differences that eventually appear in either the financial statements or the income tax return,but not both.
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Question

Quizplus · Accepted Answer

Temporary differences are book-tax income differences that will eventually reverse, affecting both the financial statements and the income tax return over time.

Temporary Differences Are Book-Tax Income Differences That Eventually Appear in Either