Of the Following Temporary Differences, Which One Ordinarily Creates a Deferred

question 41

Multiple Choice

Of the following temporary differences, which one ordinarily creates a deferred tax asset?

• A) Completed-contract method for long-term construction contracts for tax reporting.
• B) Installment sales for tax reporting.
• C) Accrued warranty expense.
• D) Accelerated depreciation for tax reporting.

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