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I'm reviewing a chapter and am trying to make sure I am understanding the vocabulary. As defined in the text and to my understanding... A

I'm reviewing a chapter and am trying to make sure I am understanding the vocabulary.

As defined in the text and to my understanding...

A deferred tax AMOUNT - is the difference between income tax expense and income tax payable; when negative it is an DTA because taxes will be lower in the future and when positive it is a DTL because taxes will be higher in the future.

(Income Tax Expense - Income Tax Payable) = Deferred Tax Amount

A temporary difference - is the difference between how an asset or liability is recorded on a tax basis versus the amount reported in financial statements

(Asset/Liability value according to tax basis - Asset/Liability value in books) = temporary difference

So my question: What is the difference between a deferred tax amount and a temporary difference? Are they they referring to the same number?

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