At Origination Which of the Following Temporary Differences Would Create

question 39

Multiple Choice

At origination which of the following temporary differences would create a deferred tax asset?

• A) Tax basis of an asset exceeds its financial reporting basis.
• B) Tax basis of a liability exceeds its financial reporting basis.
• C) Financial reporting basis of an asset is equal to its tax basis.
• D) Financial reporting basis of an asset exceeds its tax basis.