Which of the following is a temporary difference classified, Ask an Expert

Accounting

Which of the following is a temporary difference classified as a revenue or gain that is taxable after it is recognized in financial income?

a) Subscriptions received in advance.

b) Interest received on a municipal obligation.

c) Prepaid rent received in advance.

d) Sales accounted for on the accrual basis for financial reporting purposes and on the cash basis for tax purposes.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M945882

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