A Deferred Income Tax Liability

question 194

Multiple Choice

A deferred income tax liability

• A)arises because of differences between U.S.income tax rules and foreign income tax rules.
• B)can arise because of "permanent" and "temporary" differences.
• C)arise because managers wish to maximize taxable income.
• D)can arise when a firm uses special accelerated depreciation for tax purposes while using straight-line depreciation for financial reporting.
• E)occurs when the company has a NOL (net operating loss).

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Definitions:

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Rapport

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