Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which difference between finacnial accounting and tax accounting ordinarily creates a deferred tax liablity? a interest income on municipal bonds b proceeds from life insurance

Which difference between finacnial accounting and tax accounting ordinarily creates a deferred tax liablity?

a interest income on municipal bonds

b proceeds from life insurance recived due to the death of an excutive

c accelerated depreciation on the tax return in excessive of straight line depreciation in income tax

d none

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Certified Internal Auditor CIA Practice Of Internal Auditing Part 2- 2019

Authors: Muhammad Zain

1st Edition

1093798459, 978-1093798456

More Books

Students also viewed these Accounting questions

Question

Prepare for a successful job interview.

Answered: 1 week ago

Question

Describe barriers to effective listening.

Answered: 1 week ago

Question

List the guidelines for effective listening.

Answered: 1 week ago