ABC gives a two-year warranty on product sales. This warranty will create

		A deferred tax asset
		A deferred tax liability
		No deferred tax account since this is a permanent difference
		Both a short-term deferred tax asset and a long-term tax liability

Which of the following will result in a deferred tax liability?

		A net operating loss carryover.
		Reporting an unrealized gain for a trading security.
		Reporting an unrealized gain for an available-for-sale security.
		Reporting an expected loss on from a lawsuit in the income statement, when it cannot be reported on the tax return until it is actually incurred.

For a defined benefit pension plan "prior service costs" should be

		Charged direct against retained earnings as a cost relating to the past
		Amortized to pension expense over the expected average service period of past and current employees expected to receive benefits
		Taken into consideration only by adding to pension expense the interest on the unfunded amount
		Recorded in full as a liability at their discounted present value