external reporting

Navas 28 April 2020 at 14:42 PM

Temporary and permanent differences between taxable income and pre-tax financial income differ in that:
A) Temporary differences do not give rise to future taxable or deductible amounts.
B) Only permanent differences have deferred tax consequences.
C) Only temporary differences have deferred tax consequences.
D) Temporary differences include items that enter into pre-tax financial income but never into taxable income.

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FACULTY 19 May 2020 at 03:23 PM

Only temporary differences have deferred tax consequences(option C)

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