tax Q7

Which of the following statements are false regarding temporary differences The differences in the net book value and tax adjusted basis of a corporation's assets and liabilities are temporary differences. Temporary differences that lead to deferred tax assets are referred to as deductible differences. Temporary differences that lead to deferred tax liabilities are referred to as taxable differences. All of the above are false. None, all of the above are true A&B only A \& C only B \& C only