Although a corporation may report a temporary book-tax difference for an item of income or deduction for a given year, over the

Question

3 years ago

12

Although a corporation may report a temporary book-tax difference for an item of income or deduction for a given year, over the

long term the total amount of income or deduction it reports with respect to that item will be the same for both book and tax purposes.
T/F

Social Studies

1 answer:

julsineya [31] · Answer 1 · 2022-02-10T03:10:21+03:00

Answer:

True

Explanation:

It is true that a corporation may report a temporary book-tax difference for an item of income or deduction for a given year, over the long term the total amount of income or deduction it reports with respect to that item will be the same for both book and tax purposes.