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Differences between the carrying amounts of an entitys net assets determined under accounting standards and accrual accounting, and the tax bases of those net assets

Differences between the carrying amounts of an entitys net assets determined under accounting standards and accrual accounting, and the tax bases of those net assets determined under the Income Tax Assessment Act, are known as:

Question 10 options:

a)

tax losses.

b)

permanent differences.

c)

temporary differences.

d)

the current income tax liability.

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