Which of the Following Usually Results in an Increase in a Deferred

question 20

Multiple Choice

Which of the following usually results in an increase in a deferred tax liability?

• A)Accrual of estimated operating expenses.
• B)Revenue collected in advance.
• C)Prepaid operating expenses, currently deductible.
• D)All of the above are correct.

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Definitions:

Men

Adult human males.

Women

Adult human females, who in various contexts and cultures have diverse roles, rights, and experiences.

Birth

The process of childbirth or the moment when a baby comes out from the womb into the outside world.

Stanford-Binet

An individually administered intelligence test that assesses cognitive abilities and derives an IQ score.