Which statement in respect of accounting for income tax true

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Problem 1: Which of the following statements in respect of accounting for income tax is true?

A. All the timing differences are temporary differences.

B. All the temporary differences are timing differences.

C. If the differences between the carrying amount of an asset or liability and its tax base wouldn't disappear in one or more subsequent period, then the permanent differences arise.

D. If certain items of revenue or expense are excluded from the computation of taxable profits, then the timing differences arise.

Reference no: EM132783393

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