Identify if the following create a deferred tax asset or deferred tax liability. Please explain.

Temporary Difference 1. 2. 3. 3. 4. 5. 4. 5. 6. Accrual of loss contingency; tax-deductible when paid. Newspaper subscriptions; taxable when cash is received, recognized for financial reporting when the performance obligation is satisfied. Prepaid rent; tax-deductible when paid. Accrued bond interest expense; tax-deductible when paid. Prepaid insurance; tax-deductible when paid Unrealized loss from recording investments at fair value; tax-deductible when investments are sold. Warranty expense; estimated for financial reporting when products are sold; deducted for tax purposes when paid. Advance rent receipts on an operating lease as the lessor; taxable when received. Straight-line depreciation for financial reporting, accelerated depreciation for tax purposes. Accrued expense for employee vacation days not yet taken; tax deductible when employee takes vacation in future. 7. 8. 9. 10