Question 7 1 pts Which of the following is a temporary difference classified as a revenue or gain that is taxable after it is recognized in financial income? O Subscriptions received in advance O An installment sale accounted for on the accrual basis for financial reporting purposes and on the installment (cash) basis for tax purposes O Prepaid royalty received in advance O Interest received on a municipal obligation D Question 8 1 pts Tanner, Inc. incurred a financial and taxable loss for 2018. Tanner therefore decided to use the carryback provisions as it had been profitable up to this year. How should the amounts related to the carryback be reported in the 2018 financial statements? O The refund claimed should be shown as a benefit due to loss carryforward in 2018. O The reduction of the loss should be reported as a prior period adjustment O The refund clairmed should be reported as revenue in the current year O The refund claimed should be reported as a deferred charge and amortized over five years