Determine whether the described transaction creates a Deferred Tax Asset ; Deferred Tax Liability or a Permanent Difference

1. Newspaper subscriptions: taxable when received; recognized for financial reporting when earned.

2. Accrual of revenue [Account Receivable] from a painting job completed this year.

3. Prepaid rent

4. Accrued bond interest expense.

5. Interest earned and received this year from City XYZs municipal bonds.

6. Unrealized loss this year from recording investments at fair value.

7. Warranty expense; estimated for financial reporting when products are sold.

8. Advance rent receipts on an operating lease (as the lessor)

9. Straight-line depreciation for financial reporting; accelerated depreciation for tax purposes.

10. Accrued pension expense (unfunded) from calculation of employee future retirement benefits.