QUESTION 10 Which of the following statements concerning deferred taxes is correct? O A. Deferred taxes will not be found in the asset section of a balance sheet. OB. Deferred taxes arise from permanent differences in GAAP and tax accounting. OC. Deferred taxes will only decrease when a cash payment is made. OD. Deferred taxes arising from the depreciation of a specific asset will ultimately reduce to zero as the item is depreciated