true
false
False, revenue is gain
False
False, as revenue increases the owners equity if expenses are less than revenues and vice versa.
False
false
False, revenue is gain
False
False, as revenue increases the owners equity if expenses are less than revenues and vice versa.
true
False
TRUE
False
It is false. The right answer is ,the revenue is matched with expenses involved in making the revenues in that period.\the difference will produce a profit or loss.
TURE
false
False. Deferred taxes typically arise from differences in accounting methods or timing between tax reporting and financial reporting, such as using different depreciation methods for tax purposes than for financial statements. When the same method is used for both, there is generally no temporary difference, and therefore, no deferred tax implication.