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Question: an example of an excluded taxable temporary difference is andnbsp a andnbspgoodwill andnbsp b...

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An example of an excluded taxable temporary difference is:


 

a.

 

Goodwill


 

b.

 

provision for warranties


 

c.

 

prepaid insurance 


 

d.

 

accrued interest


 

 

 

Differences between the carrying amounts of an entity’s net assets determined under accounting standards and accrual accounting, and the tax bases of those net assets determined under the Income Tax Assessment Act, are described as:

Select one:
a.

temporary differences

b.

permanent differences

c.

tax losses

d.

the current income tax liability

 

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