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SOFE Exam SOFA-CFE Topic 5 Question 49 Discussion

Actual exam question for SOFE's Certified Financial Examiner exam
Question #: 49
Topic #: 5
[All Certified Financial Examiner Questions]

What is defined as the difference between the tax basis of an asset or liability and its reported amount in the financial statements that will result in taxable or deductible amounts in future years?

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Suggested Answer: B

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