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When satisfying the two objectives of ASC740, a five step process should be followed. Step 2 of this process requires that all temporary differences be

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When satisfying the two objectives of ASC740, a five step process should be followed. Step 2 of this process requires that all temporary differences be identified as to falling into one of four categories. Which of the following would be an example of a temporary difference found in the category named "Revenue and/or gains that are taxable before they are recognized in financial income or the equivalent name of "Not book income in the current period but taxable in the current period". Multiple Choice Tax exempt income Uneamed revenue installment sale income None of the above

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