A. Revenues or gains that are recognized in financial income but are never included in taxable income.
B. Revenues or gains that are taxable before they are recognized in financial income.
C. Expenses or losses that are tax deductible after they are recognized in financial income.
D. Expenses or losses that are tax deductible before they are recognized in financial income.
36) Which of the following are temporary differences that are normally classified as expenses or losses that are deductible after they are recognized in financial income?
A. Depreciable property. B. Product warranty liabilities. C. Advance rental receipts. D. Fines and expenses resulting from a violation of law. 37) In accounting for a defined-benefit pension plan
A. the expense recognized each period is equal to the cash contribution.
B. the employer ‟ s responsibility is simply to make a contribution each year based on the formula established in the plan.
C. an appropriate funding pattern must be established to ensure that enough monies will be available at retirement to meet the benefits promised.
D. the liability is determined based upon known variables that reflect future salary levels promised to employees.