(5) Briefly describes the adjustment of a deferred tax liability (or assets) and the related income statement disclosure for a change in the income tax rate? (6) What is the permanent difference? Give two examples of revenues that are recognized under GAAP for financial reporting purposes but are never taxable. (7) Briefly summarize the GAAP for the financial reporting of operating loss carry forwards. How is a corporate efectives tax tax rate calculated? (8) What is interaperiod income tax allocation?