Indicate whether the following statements are "True" or "False" regarding the total book tax expense under ASC 740 (SFAS 10).

a.	The current tax expense theoretically represents the taxes actually payable to (or refund receivable from) the governmental authorities for the current period	True/False
b.	A deferred asset is created when an expense is not deducted on the books in the current period but is deductible for tax in the current period.	True/False
c.	A deferred tax liability is created when income is includible currently for book purposes but is not includible in taxable income until a future period.	True/False
d.	Deferred tax expense or benefit is created as a result of temporary differences.	True/False