Which of the Following Temporary Differences Ordinarily Results in a Deferred

question 62

Multiple Choice

Which of the following temporary differences ordinarily results in a deferred tax liability?

• A) Accrued warranty costs
• B) Subscription revenue received in advance
• C) Unrealized losses on marketable securities
• D) Depreciation

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Definitions:

Current Concerns

Refer to ongoing issues or situations that are the focus of attention, worry, or action at a given time.

Potential Problems

Issues or obstacles that could arise in the future, impacting the success of a project, plan, or individual's wellbeing.

Future Problems

Potential issues or challenges that are anticipated to occur in the future, requiring foresight and planning to address.

Helper Role

The function or position of providing assistance or support to someone else, often in a professional context such as counseling or healthcare.