What are temporary differences between pretax financial income and taxable income?
Please help me in answering my discussion questions. The chapter that we are covering is on taxation accounting. The answer does not have to be very long, a to the point short answer will do, maybe a couple for paragraphs per question. Thank you. Greg
Question 1
What are temporary differences between pretax financial income and taxable income?
Provide examples of temporary differences.
Question 2
What are permanent differences between pretax financial income and taxable income?
Provide examples of permanent differences.