FAR 6 Q 4 B

---------------------- income and keyperson life insurance premiums are both permanent differences

municipal bond income and ------------------------------------ premiums are both permanent differences

municipal bond income and keyperson life insurance premiums are both ------------------------------

----------------------------- are added back becouse they are not deductible

insurance premiums are added back becouse they are not ----------------------

there are no deferred taxes for permanent differences

there are ------------ deferred taxes for permanent differences

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

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

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 ---------------------

Under ------------ temporary differences that decrease future taxable income results in the recognition of a deferred tax asst which will be reported as noncurrent.

Under IFRS ----------------------------- that decrease future taxable income results in the recognition of a deferred tax asst which will be reported as noncurrent.

Under IFRS temporary differences that decrease future taxable income results in the recognition of a ------------------------- which will be reported as noncurrent.

Under IFRS temporary differences that decrease future taxable income results in the recognition of a deferred tax asst which will be reported as -------------------------.

When a ----------------------- exceeds book depreciation it will result in a deferred tax liability

When a tax depreciation exceeds ------------------------------ it will result in a deferred tax liability

When a tax depreciation exceeds book depreciation it will result in a ----------------------------

When a tax depreciation -------------- book depreciation it will result in a deferred tax liability