FAR 6 Q 4 B

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Author:
Joens1313
ID:
224764
Filename:
FAR 6 Q 4 B
Updated:
2013-06-23 16:59:35
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FAR
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FAR 6 Q 4 B
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  1. ---------------------- income and keyperson life insurance premiums are both permanent differences
    Municipal bond
  2. municipal bond income and ------------------------------------ premiums are both permanent differences
    keyperson life insurance
  3. municipal bond income and keyperson life insurance premiums are both ------------------------------
    permanent differences
  4. ----------------------------- are added back becouse they are not deductible
    insurance premiums
  5. insurance premiums are added back becouse they are not ----------------------
    deductible
  6. there are no deferred taxes for permanent differences
    permanent differences
  7. there are ------------ deferred taxes for permanent differences
    no
  8. A ----------------------------------- arises in situations where item of revenue and expense enter into pretax GAAP financial income in a period before or after they enter into eaxable income
    tempory difference
  9. A temporary difference arises in situations where item of -------------------- enter into pretax GAAP financial income in a period before or after they enter into taxable income
    revenue and expense
  10. A temporary difference arises in situations where item of revenue and expense enter into pretax GAAP financial income in a period before or after they enter into ---------------------
    taxable income
  11. Under ------------ temporary differences that decrease future taxable income results in the recognition of a deferred tax asst which will be reported as noncurrent.
    IFRS
  12. Under IFRS ----------------------------- that decrease future taxable income results in the recognition of a deferred tax asst which will be reported as noncurrent.
    tempory differences
  13. Under IFRS temporary differences that decrease future taxable income results in the recognition of a ------------------------- which will be reported as noncurrent.
    deferred tax asset
  14. Under IFRS temporary differences that decrease future taxable income results in the recognition of a deferred tax asst which will be reported as -------------------------.
    noncurrent
  15. When a ----------------------- exceeds book depreciation it will result in a deferred tax liability
    tax depreciation
  16. When a tax depreciation exceeds ------------------------------ it will result in a deferred tax liability
    book depreciation
  17. When a tax depreciation exceeds book depreciation it will result in a ----------------------------
    deferred tax liability
  18. When a tax depreciation -------------- book depreciation it will result in a deferred tax liability
    exceeds

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