1. Company A had depreciation of $14,000 and CCA of $12,500. At the end of the year, they have:

Question 7 options:

	A deductible temporary difference of $1,500
	A taxable temporary difference of $1,500
	A deductible temporary difference of $14,000
	A taxable temporary difference of $12,500

2. Which of the following is an example of a temporary difference, which could result in a deferred tax asset?

Question 10 options:

	Gain on disposal of an asset when included in taxable
	Use of straight-line depreciation for accounting purposes and an accelerated rate for income tax purposes
	Gross margin on installment sales is recognized for accounting purposes before it is included in taxable income in the income tax return
	Prepayments of expenses in year of payment; recognition of expense for accounting purposes occurs in a later year

3.

All of the following are evidence that recognition is not likely except:

Question 17 options:

	History of tax losses expiring before they have been used
	An expectation of losses in carry forward period
	Unsettled circumstances that may adversely affect the company
	They all constitute unfavorable evidence