Question:Among the items reported on Cord, Inc.'s income statement for the year ended December 31, 2007 were the following: Amortization of goodwill acquired in 1992 $10,000 Insurance premium on the life of an officer. $5,000 Cord is the owner and beneficiary. Temporary differences amount to:
A $0
B $5,000
C $10,000
D $15,000
+ AnswerB
+ Report