Which of the following statements regarding book-tax differences is true?

A. Corporations will eventually recognize the same amount of income for book and tax purposes for income-related temporary book-tax differences.
B. Income excludable for tax purposes usually creates a temporary book-tax difference.
C. Corporations are not required to report book-tax differences on their income tax returns.
D. None of the choices are correct.


Answer: A

Business

You might also like to view...

In advanced economies, marketing costs only about 10 percent of each consumer's dollar.

Answer the following statement true (T) or false (F)

Business

Briefly describe why the scatter diagram is helpful

What will be an ideal response?

Business

Cards signed by employees indicating that they authorize the union to act as the employees' bargaining agent and to seek an election on behalf of the employees are known as:

a. authorization cards. b. employment eligibility cards. c. voluntary recognition cards. d. consent election cards.

Business

The ________ is a document that the agency's creative department uses to guide the development of advertising ideas and concepts.

A. copywriter collateral B. creative brief C. product data sheet D. tagline brief E. marketing plan

Business