CHOICES HERE:

A Accounting Income B Taxable Income C Permanent difference D Timing differences E Deferred tax liability F Temporary differences G Deferred tax asset

QUESTIONS:

1. is the income appearing on the income tax return and computed in accordance with the tax laws.

2. pertain to nontaxable revenue and nondeductible expenses.

3. are differences between accounting income and taxable income that originate in one period and reverse in one or more subsequent periods.

4. is the net income for the period before deducting income tax expense.

5.is the excess of taxable revenue over tax deductible expense and exemptions for the period.

6. are items of income and expenses which are included in both accounting income and taxable income but at different time periods.

7. is the deferred tax consequence attributable to a future deductible amount and operating loss carryforward.

8.is the amount of income tax payable in future periods with respect to a taxable temporary difference.

9.are differences between the carrying amount of an asset or liability and the tax base.

10. is the amount of income tax recoverable in future periods with respect to deductible temporary difference and operating loss carryforward.

11. are items of revenue and expense which are included in either accounting income or taxable income but will never be included in the other.

12. is the deferred tax consequence attributable to a taxable temporary difference or future taxable amount.

PLEASE ANSWER ALL THE QUESTIONS I WILL GIVE UPVOTES AND COMMENTS

ANSWER IT CORRECTLY. THANK YOU. I NEED IT URGENTLY