A. If a $150,000 balance in Deferred Tax Liability was computed by use of a 30% rate, the underlying cumulative temporary difference amounts to $ __________.

B. An income statement that reports current tax benefit of $63,000, and deferred tax expense of $19,000 will report total income tax _____________ of $________.

C. If a taxable permanent difference originates in 2012, it will cause taxable income for 2012 to be _________(less than, greater than) pretax financial income for 2012.

D. If the income statement shows total income tax expenses of $186,000 and deferred tax expenses of $45,000, the total taxes due on the tax return for the period are ______________.

E. If total tax expense is $225,000 and the current expense is $155,000, then the deferred tax _____________ (expense, benefit) is $ __________.

F. In a period in which a deductible temporary difference reverses, the reversal will cause taxable income to be __________ (less than, greater than) pretax financial income.

G. A decrease in the Deferred Tax Assets account on the balance sheet is recorded by a _________ (debit, credit) to the Income Tax Expense account.

H. If a corporations Income tax payable on the balance sheet totals $100,000, the company made estimated payments during the year totaling $40,000, and the tax rate is 40%, taxable income equals $ ________.

I. A valuation account ___________ (reduces, increases) the balance reported in the balance sheet for a deferred tax asset to the amount expected to be realized.

J. Deferred taxes _________ (are, are not) recorded to account for temporary differences.