Deferred Taxes Assume that for a certain revenue recognition issue, a company has a choice between 2 allowed methods under GAAP

Recognize 80 of income in 2023 and 20 in 2024.

Recognize 50 of income in 2023 and 50 in 2024.

Regardless of what the company selects for financial reporting purposes, for tax purposes, the company must recognize 50 of income in 2023 and 50 of income in 2024. The company has a 20% tax rate. 7.

*If the company selects Option A, what would be the deferred tax effect?

if the company needs to create a DTA or DTL, if so, how much.

Part B: Deferred Taxes Assume that for a certain revenue recognition issue, a company has a choice between 2 allowed methods under GAAP: - Option A: Recognize 80 of income in 2023 and 20 in 2024. - Option B: Recognize 50 of income in 2023 and 50 in 2024 . Regardless of what the company selects for financial reporting purposes, for tax purposes, the compary must recognize 50 of income in 2023 and 50 of income in 2024. The company has a 20% tax rate. 7. If the company selects Option A, what would be the deferred tax effect? I am only asking if the company needs to create a DTA or DTL, and if so, how much. If the answer is 0 , enter that-do not leave it blank. At least one of the answers below should have a 0 in it