- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 9. Analysis of Income Taxes
- Subject 4. Temporary versus Permanent Differences
CFA Practice Question
A temporary difference, once originated, will result in either taxable or deductible amounts in future years when the difference reverses. True or False?
Correct Answer: True
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 |