Goff Inc'S Taxable Income Is Computed as Follows

question 66

Multiple Choice

Goff Inc.'s taxable income is computed as follows. Goff's tax rate is 34%.Which of the following statements is true?

• A)The permanent differences caused a $26,496 net increase in Goff's deferred tax liabilities.
• B)The permanent differences caused a $26,496 net increase in Goff's deferred tax assets.
• C)The temporary differences caused a $161,568 net increase in Goff's deferred tax assets.
• D)The temporary differences caused a $161,568 net increase in Goff's deferred tax liabilities.

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