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Basic Question 6 of 13

A temporary difference, once originated, will result in either taxable or deductible amounts in future years when the difference reverses. True or False?
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User Contributed Comments 3

User Comment
johntan1979 Incur more expenses in future or pay more taxes in future = taxable TD
schweitzdm I am a big fan of your comments, johntan1979
khalifa92 thanks
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

explain how deferred tax liabilities and assets are created and the factors that determine how a company's deferred tax liabilities and assets should be treated for the purposes of financial analysis

CFA® 2025 Level I Curriculum, Volume 3, Module 9.