1) Which of the following is a true statement? Select all that apply.

Option A) Governments will offer special concessions to incentivize a company to invest, and these concessions may give rise to deferred taxes

Option B) Deferred taxes arise from differences in accounting between GAAP/IFRS and Tax accounting

Option C) The total tax recognized on an income statement is cash taxes less deferred taxes

Option D) Deferred taxes are cash taxes in the period in which the deferred taxes are recognized