A Deferred Tax Liability Is Recognized For

question 57

Multiple Choice

A deferred tax liability is recognized for:

• A) temporary differences resulting from net operating loss carry forwards.
• B) temporary differences related to depreciation.
• C) permanent tax difference related to depreciation.
• D) All of the above.

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Definitions:

Discontinue

The act of ending or stopping something, such as a service, treatment, or product line.

Refer

The act of directing someone to a different source of help or information, usually because it is outside the referrer's scope of expertise or practice.

Explore

To investigate, examine, or inquire into a subject or area of interest in depth.

Defend

To protect from harm or attack, asserting one's position or the validity of a particular standpoint.