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Question 4 Indicate the type of Deferred Tax account created by Accrued Revenues and Prepaid Expenses, respectively Not yet answered Select one O a. Liability,
Question 4 Indicate the type of Deferred Tax account created by Accrued Revenues and Prepaid Expenses, respectively Not yet answered Select one O a. Liability, Asset O b. Asset, Liability O c. Liability, Liability O d. Asset, Asset Points out of 3.00 Flag question Question 5 Not yet answered Points out of 3.00 Which of the following requires intraperiod tax allocation? Select one O a. Discontinued Operations Loss O b. That portion of dividends reduced by the dividends received deduction by corporations under existing Flag question federal income tax law O c. The excess of accelerated depreciation used for tax purposes over straight-line depreciation used for financial reporting purposes O d. All differences between taxable income and financial statement earnings Question Not yet answered Points out of 3.00 Which of the following differences would result in future taxable amounts (DTLs)? Select one O a. Expenses or losses that are deductible before they are recognized in financial income O b. Revenue or gains that are taxable before they are recognized in financial income O c. Expenses or losses that are deductible after they are recognized in financial income O d. Revenues or gains that are recognized in financial income but are never recognized as revenue or gain for Flag question tax purposes O e. Expenses or losses that are deducted from financial income but never deductible for tax purposes
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