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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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