Explain why a firm may have deferred income taxes on its balance sheet. (Select the best choice below.) A. Deferred income taxes arise as the difference between taxes owing, based on "financial" depreciation versus depreciation allowed for tax purposes. B. Deferred income taxes arise as the difference between taxes owing, based on "economic" depreciation versus depreciation allowed for tax purposes. C. Deferred income taxes arise as the difference between taxes owing, based on "estimated" depreciation versus depreciation allowed for tax purposes. D. Deferred income taxes arise as the difference between taxes owing, based on "deferred" depreciation versus depreciation allowed for tax purposes