1. Tiger corporation reports tax-free interest from municipal bonds on its financial statements. What sort of difference will this create between US GAAP and TAX accounting, and will this difference result in a deferred tax asset (DTA) or deferred tax liability (DTL)?
   1. Not enough information
   2. Future deductible amount which will result in a Deferred Tax Liability (DTL)
   3. Future taxable amount which will result in a Deferred Tax Asset (DTA)
   4. This would result in a GAAP to TAX difference that would NOT reverse in future years
   5. Future Taxable Amount which will result in a Deferred Tax Liability (DTL)
   6. Future Deductible Amount which will result in a Deferred Tax Asset (DTA)