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A deferred tax account on the balance sheet is created by: a, permanent differences in income tax accounting. b, temporary differences in the recognition of
A deferred tax account on the balance sheet is created by:
a, permanent differences in income tax accounting.
b, temporary differences in the recognition of revenue and expense for taxable income relative to reported income.
c, the use of the straight-line method of depreciation for both reporting and tax purposes.
d, municipal bond revenue and life insurance premiums on officers.
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