Which of the Following Results in a Deferred Tax Asset

question 78

Multiple Choice

Which of the following results in a deferred tax asset?

• A) Revenue or gains are recognized earlier for book purposes than for tax purposes.
• B) Operating loss or tax credit carryforwards exist.
• C) Tax basis of an asset is less than its book.
• D) Expenses are deductible earlier for tax purposes than for book purposes.

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Definitions:

Oral Reports

Verbal presentations of information or findings, often structured and delivered in front of an audience or group.

Written Reports

Formal documents that present information and analysis on specific topics, typically structured in a standardized format.

Incoming Messages

Electronic or physical messages that are received by a recipient.

Nature of Listening

The intrinsic attributes of listening, involving active engagement, interpretation, and understanding of auditory messages.