Usted below are several terms and phrases associated with accounting for hcome taxes. Pair each iltem from List A with the flem from List that is most appropiatelely associated with it$.$

A

No defterred tarconsequences.

$2$ Oishinates, then reverses.

Revisodeferred taxamounts.

Operetingloss.

Future tax effect of prepaid expensest tax deductiblowhen paid.

Loss carnyback

Future taxefiect of estimated each year warranty expense.

$8$ Valuation allowance.

Q$.$ Phasedinchange in rates.

Balances sheet presentation.

Individual tex consequences of financial stetement components.

Incometax expense.

a$.$ Permanent differences

b$.$ Current and deferred tax consequence combined

c$.2$ years

d$.$ Deferred taxasset

c$.$ Temporary difiterence

'More tikely than not? test

Specific taxrates fimes amounts reversing cach year

h$.$ When enacted tax rate changes,

b$.$ Intreperiod tax allocation

b$.$ Ner deferred tax asset or liability

ks Negative taxable income

b$.$ Deferred tax liability