Acquired temporary differences are discrepancies between the carrying amount of an asset or liability on the balance sheet and its tax base, arising from transactions or events that have already occurred. These differences can lead to deferred tax assets or liabilities, depending on whether they will result in future tax deductions or taxable income. They are important because they affect a company’s future tax obligations and financial reporting.
congrats on reading the definition of acquired temporary differences. now let's actually learn it.