Match the term on the left with the most logical description on the right. ____________ Deferred income tax asset _________ Deferred income tax liability _______ Net operating loss _________ Income tax expense ___________ Current income tax liability ___________ Permanent difference ______ Temporary difference _________ valuations IRS MACRS depreciation compared to straight line depreciation is a typical example of this kind of difference based primarily on IRS defined "taxable income" consideration of the usefulness of any deferred tax asset negative taxable income based primarily on GAAP pre-tax income resulting from a timing difference between GAAP and IRS income. taxes are to be paid prior to GAAP recognition of income tax expense unsubstantiated travel and entertainment expense is a typical example of this kind of difference resulting from a timing difference between GAAP and IRS taxable income-taxes are to be paid subsequent to GAAP recognition of income tax expensive