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Listed below are 5 terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the number

Listed below are 5 terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the number for the most correct term.

(Balance sheet classification, Income tax expense, Permanent difference, Temporary difference, valuation allowance) 1. A "plug" for the net effect of the current tax liability and changes in deferred tax assets and liabilities ________

2.No tax consequences________

3."More likely than not" test___________

4. Produces future taxable amounts or future deductible amounts _________

5. Noncurrent ________

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