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Which of the following differences between financial accounting and tax accounting ordinarily creates a deferred tax asset? Select one: a. Straight-line depreciation for financial reporting
Which of the following differences between financial accounting and tax accounting ordinarily creates a deferred tax asset?
Select one:
a. Straight-line depreciation for financial reporting and accelerated depreciation for tax reporting.
b. Investment expenses incurred to obtain tax-exempt income
c. Unrealized gain from recording investments at fair value
d. Estimated warranty expense
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