Which of the Following Results in a Deferred Tax Asset

question 58

Multiple Choice

Which of the following results in a deferred tax asset?

• A) Tax basis of an asset is less than its book.
• B) Operating loss or tax credit carryforwards exist.
• C) Expenses are deductible earlier for tax purposes than for book purposes.
• D) Revenue or gains are recognized earlier for book purposes than for tax purposes.

---

Definitions:

Remediation

The process of providing extra instruction or assistance to learners who are struggling in order to help them reach expected competence levels.

Dyslexia

A disorder related to learning that involves challenges in accurately recognizing words, reading fluently, and difficulties with spelling and deciphering words.

Dyslexia

A learning disorder characterized by difficulties with accurate and/or fluent word recognition and by poor spelling and decoding abilities.

Dyslexia

A learning disorder characterized by difficulty reading due to problems identifying speech sounds and learning how they relate to letters and words.