SOFE Exam SOFA-CFE Topic 5 Question 49 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 49
Topic #: 5

What is defined as the difference between the tax basis of an asset or liability and its reported amount in the financial statements that will result in taxable or deductible amounts in future years?

Apermanent difference

Btemporary difference

Cdeferred tax difference

DNone of the above

Show Suggested Answer

Suggested Answer: B

by Lezlie at May 09, 2022, 12:39 AM

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