Which of the following describes a temporary difference?

Which of the following describes a temporary difference? 



A. A difference that will be corrected in an amended tax return.

B. A difference arising from an uncertain tax position.

C. A fundamental difference in what constitutes revenue or expense for GAAP and tax purposes.

D. A timing difference between the recognition of revenue or expense under GAAP and tax purposes.


Answer: A timing difference between the recognition of revenue or expense under GAAP and tax purposes


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