GAAP regerding accouiting for income sae reures which of the tollosing procedures? O Computation of detered tax ess and lbities besed on temperany differences O Computation of deferred income tax besed on pemanent dfferences O Computation of income tax enpense based on tauable income. Compuiation of delemed income tax based on temponary and permanent difflerences 23. O Service fees colected in O Accrued compenation costs for re peyments advence f from oustomen taxable when received, recogntzed for Snancial reporting when eamed O Investment espenses Incured to oletain tax-exempt income (hat tax deductble 24. O Funure Income tax beneft O Future cash coection 25 Which of the following diferences between financiel Accounting and tax accountng ardinaniy createsdeferred tax set O Tex depreclation in excess of book deprecation O Revenue colected In advance O The Instalinent sales method for tax pupoes O None of these answer chaices are correct 26 A magazine publisher collects one yeer in advence for subscrptien revenue. in the year of previding the magacihes to austomers, the compary would ecord O A decrease in a deferred ax s O A decrease in a deferred tox lability