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Which a deductible temporary difference makes

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Reference no: EM132976685

Problem 1: According to the language used by FASB, a deductible temporary difference makes

a. Current taxable income higher than current book income

b. Current taxable income less than current book income

c. Future taxable income higher than future book income

d. Future taxable income lower than future book income

Problem 2: Deferred tax liabilities arise because of which one of the following?

a. Taxable temporary differences as defined per US GAAP

b. Deductible temporary differences as defined per US GAAP

Reference no: EM132976685

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