Which of the Following Will Result in a Deferred Tax

question 1

Multiple Choice

Which of the following will result in a deferred tax asset?

• A) Using the installment sales method for tax purposes, while using point of sale for financial reporting.
• B) Reporting an unrealized gain for a trading security.
• C) Using accelerated depreciation for tax purposes and straight-line depreciation for financial reporting.
• D) Reporting an expected loss on from a lawsuit in the income statement, when it cannot be reported on the tax return until it is actually incurred.

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Definitions:

Psychological Time

An individual's subjective experience of time, which may differ significantly from actual clock time, influenced by various psychological states.

Hedonic Shopping

Shopping activities driven by pleasure seeking and emotional gratification rather than practical or functional needs.

Interpersonal Attraction

A psychological phenomenon involving a positive emotional response or interest towards another individual, which can lead to friendships or romantic relationships.

Shopping Type

Shopping type refers to the categorization of shopping behaviors or modes, such as convenience shopping, bargain hunting, or online shopping, based on shoppers' preferences and habits.