The correct statement regarding the income tax is Deductible temporary differences give rise to deferred tax liabilities, meaning that more tax is payable in the future. hence option C is correct
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What is income tax?</h3>
A tax placed on people or organizations in relation to their income or profits is known as an income tax. Tax rates multiplied by taxable income are typically used to calculate income taxes. Tax rates might change depending on the taxpayer's attributes and source of income.
The complete part of the question is below:
A) Review Later Income tax expense includes both the amount of tax payable in the current period and the amount of tax due in future periods.
B)Income taxes are based on taxable income and not accounting income.
C)Deductible temporary differences give rise to deferred tax liabilities, meaning that more tax is payable in the future.
D)Deferred taxes arise because of temporary differences between the tax base and the carrying amount of assets and liabilities on the balance sheet.
Hence option C is correct.
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An Individual who begins, manages, and bears the risks of a business
Answer: Training is short-term skills oriented while development is long-term career oriented.
Explanation:
The statement that best describes the relationship between employee training and development, from the available options in the question is:
Training is short-term skills oriented while development is long-term career oriented.
This statement is true because, trainings cover a short period of time, aimed at improving the employees expertise on a particular area while development is a long term activity, which monitors the employee's growth and improvements in different aspects of their job delivery.
