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What causes the creation of a deferred tax account on the balance sheet? a. Permanent differences in income tax accounting. b. The use of the
What causes the creation of a deferred tax account on the balance sheet?
a. Permanent differences in income tax accounting.
b. The use of the straight-line method of depreciation for both reporting and tax purposes.
c. Temporary differences in the recognition of revenue and expense for taxable income relative to reported income.
d. Municipal bond revenue and life insurance premiums on officers.
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