Determine whether each transaction leads to a deferred tax asset or a deferred tax liability or no deferred item at all in the first year of the transaction Warranty program installment sales Excess tax depreciation Paying a penalty for pollution infractions Interest revenue on municipal bonds Prepaid expenses Advanced paid deferred/unearned revenues [Choose ] [Choose] Choose ] [Choose ] [Choose ] [Choose). [Choose ]

Determine whether each transaction leads to a deferred tax asset or a deferred tax fiability or no deferied them at int fin the fist vesr of the trancsction Wamaty peneam motalinent sales Excen the degreciation Determine whether each transaction leads to a deferred tax asset or a deferred tax fiability or no deferied them at int fin the fist vesr of the trancsction Wamaty peneam motalinent sales Excen the degreciation