DATE	ACCOUNTS	DEBIT	CREDIT
12/31/14	Income Tax Expense	$500,000
	Cash		$475,000
	Deferred Income Tax Asset		$25,000

Which of the options provided would cause this journal entry to be made?

The business recognizes $475,000 of Tax Expense for the year.

The business recognizes $500,000 of Tax Expense but pays less as a temporary timing difference reverses.

The business accrues $25,000 of Tax Expense.