a. Briefly explain the concepts of accounting profit, taxable profit, temporary difference, taxable temporary difference, deductible temporary difference, deferred tax assets and deferred tax liability.

b. Briefly explain the recognition criteria of deferred tax assets and deferred tax liability

c.Why are the possible reasons that the deferred tax assets/liabilities are reported in the balance sheet?

d. Why is the income tax payable not the same as income tax expense?

e. Why Is the income tax expense shown in the income statement different from the income tax paid shown in the cash flow statement?

f. Briefly explain the concepts of temporary difference and permanent difference