Which of the Following Differences Between Financial Accounting and Tax

question 44

Multiple Choice

Which of the following differences between financial accounting and tax accounting ordinarily creates a deferred tax liability?

• A)Interest income on municipal bonds.
• B)Proceeds from life insurance received due to death of an executive.
• C)Prepaid rent.
• D)None of the above.

---

Definitions:

Manipulate Encounters

A strategy or act of deliberately creating or influencing situations to achieve desired outcomes, often in a professional or social context.

Ingratiation

A social influence strategy where an individual attempts to make themselves more likable to another person or group, often through flattery or other means.

Politicking

Engaging in political maneuvering or scheming, often with the aim of gaining personal advantage in a work or social context.

Build Rapport

The process of establishing a connection or mutual understanding between individuals or groups.