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Match the appropriate items to each type of temporary differences. Generally arise when there are differences that result in current accounting income being greater than taxable income Arise when the tax base of the liabilities is greater than the carrying amount A Deductible Temporary Differences B Taxable Temporary Differences

Match the appropriate items to each type of temporary differences. Generally arise when there are differences that result in current accounting income being greater than taxable income Arise when the tax base of the liabilities is greater than the carrying amount A Deductible Temporary Differences B Taxable Temporary Differences

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Match the appropriate items to each type of temporary differences. < V Generally arise when there are differences that result in current accounting income being greater than taxable income Arise when the tax base of the liabilities is greater than the carrying amount Generally arise when the tax base of the assets is greater than the carrying amount Give rise to deferred tax assets Give rise to deferred tax liabilities Arise when the carrying amount of the liabilities is greater than the tax base A Deductible Temporary Differences B Taxable Temporary Differences
Transcribed Image Text:Match the appropriate items to each type of temporary differences. < V Generally arise when there are differences that result in current accounting income being greater than taxable income Arise when the tax base of the liabilities is greater than the carrying amount Generally arise when the tax base of the assets is greater than the carrying amount Give rise to deferred tax assets Give rise to deferred tax liabilities Arise when the carrying amount of the liabilities is greater than the tax base A Deductible Temporary Differences B Taxable Temporary Differences
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