Which of the following creates a taxable temporary- difference?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Which of the following creates a taxable temporary- difference? 

I. Prepaid expense
II. Estimated liabilities

Ill. Unearned income
IV. Installment receivable

Choices:

I, II, and IV

II and IV

I, II and III

I and IV

 

Which of the following creates a taxable temporary- difference?
I. Prepaid expense
4
II. Estimated liabilities
III. Unearned income
IV. Installment receivable
Transcribed Image Text:Which of the following creates a taxable temporary- difference? I. Prepaid expense 4 II. Estimated liabilities III. Unearned income IV. Installment receivable
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