gh December 31,2019 PROBLEM # 6-12 POINTS For each of the following statements, indicate in the space provided whether the statement is true (T) or false (F): 1. Taxable income is a tax accounting term and is also referred to as income before taxes.E Pretax financial income is the amount used to compute income taxes payable. 3. A deferred tax liability represents the increase in taxes payable in future years a a result of 4. A deferred tax asset represents the increase in taxes refundable in future years as a result of 5. A company should add a decrease in a deferred tax liability to income taxes payable in temporary differences existing at the end of the current year. deductible temporary differences at the end of the current year T computing income tax expense. assets are recovered. 6. Taxable temporary differences will result in taxable amounts in future years when the related