True/False (1-4) 1. Income tax expense is recorded at the amount owing to the tax authorities. 2. When a company reports a deferred tax asset it means that the company will probably receive a tax bener it in the future. 3. If revenue is recognized for financial reporting purposes but deferred for tax purposes this results in a deferred tax liability. 4. If an expense is recognized for financial reporting purposes but not allowed as tax-deductible for tax purposes, this results in a deferred tax asset. _ True/False (1-4) 1. Income tax expense is recorded at the amount owing to the tax authorities. 2. When a company reports a deferred tax asset it means that the company will probably receive a tax bener it in the future. 3. If revenue is recognized for financial reporting purposes but deferred for tax purposes this results in a deferred tax liability. 4. If an expense is recognized for financial reporting purposes but not allowed as tax-deductible for tax purposes, this results in a deferred tax asset. _