Match each item to the most accurate description.

Group of answer choices

Pretax financial income

$[$ Choose $]$

Taxable income

$[$ Choose $]$

Deferred tax assets

$[$ Choose $]$

Deferred tax liabilities

$[$ Choose $]$

Permanent difference

$[$ Choose $]$

Temporary difference

$[$ Choose $]$

Flag question: Question $2$

Question $21$ pts

Match each item to the most accurate description.

Group of answer choices

Income tax payable

$[$ Choose $]$

Deferred tax asset

$[$ Choose $]$

Deferred tax liability

$[$ Choose $]$

Income tax expense

$[$ Choose $]$

Flag question: Question $3$

Question $30\mathrm{.}5$ pts

Which of the following items regarding net operating losses is false?

Group of answer choices

an NOL is a future deductible amount.

an NOL requires an associated valuation allowance

NOLs created after $2018$ do not expire

an NOL results in a DTA.