asked 137k views
4 votes
Which of the following items is not a temporary difference? A. Vacation pay accrued for tax purposes in a prior period is deducted in the current periodB. Tax depreciation for the period exceeds book depreciationC. A goodwill impairment expense is recorded on the income statement

1 Answer

5 votes

Answer: the correct answer is B. Tax depreciation for the period exceeds book depreciation.

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