Which of the Following Creates a Deferred Tax Asset

question 71

Multiple Choice

Which of the following creates a deferred tax asset?

• A) An unrealized loss from recording investments at fair value.
• B) Prepaid insurance.
• C) An unrealized gain from recording investments at fair value.
• D) Accelerated depreciation in the tax return.

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Definitions:

Wheelchair-Bound

A term describing individuals who primarily use a wheelchair for mobility; however, it is considered outdated and potentially stigmatizing.

Transportation Needs

The demand or necessity for systems or methods that facilitate the movement of people or goods from one location to another.

Informal Resources

Support systems or aide obtained outside of official or formal establishments, often from friends, family, or community networks.

Referral Services

Agencies or resources that guide individuals to appropriate sources of assistance, information, or expertise.