A Deferred Tax Asset Indicates That a Firm Will Realize

question 17

True/False

A deferred tax asset indicates that a firm will realize the tax benefit of an event sometime in the future.

---

Definitions:

Lamellated Corpuscle

A nerve ending found in the skin and other tissues that is sensitive to pressure and vibration, also known as a Pacinian corpuscle.

Arrector Pili Muscle

A small muscle attached to hair follicles in mammals, responsible for causing hairs to stand up when the organism is cold or frightened.

Apocrine Sweat Gland

A type of gland associated with hair follicles, found in areas like the armpits and groin, secreting sweat that contains fatty materials.

Sebaceous Gland

A small skin gland that secretes sebum (oily substance) into the hair follicles to lubricate the hair and skin.