2. A Company reports revenues, for financial reporting purpo Therefore, for tax purpose, the company reports revenue equi The company also reports expenses for both financial reporti Assuming statutory tax rate is 35%. a. How much is "income taxes paid"? b. This temporary difference will cause the company's record Therefore, it will result in a c. The amount of the deferred tax asset/liability created is d. Income tax expense is calculated as e. Effective tax rate is equal to (use percentage) f. How is effective tax rate compared to the statutory tax rate