temporary difference

Which Of The Following Creates A Temporary Book Tax Difference?

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Which Of The Following Creates A Temporary Book Tax Difference? Income excludable for tax purposes usually creates a temporary book-tax difference. … Corporations will eventually recognize the same amount of income for book and tax purposes for income-related temporary book-tax differences. Which of the following items produces a temporary book-tax difference? Federal income tax expense

What Are Timing Differences?

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What Are Timing Differences? Timing differences are the intervals between when revenues and expenses are reported for financial statement and income tax reporting purposes. … When there are timing differences, the amount of reported taxable income could vary significantly from the amount reported on the income statement. What is temporary difference in deferred tax? Temporary