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Which of the following differences between financial accounting and tax accounting ordinarily creates a deferred tax asset? Multiple Choice Unrealized loss from recording inventory impairments.
Which of the following differences between financial accounting and tax accounting ordinarily creates a deferred tax asset?
Multiple Choice
Unrealized loss from recording inventory impairments.
Prepaid expenses.
None of these answer choices are correct.
Installment sales for which taxable income recognized when cash is collected.
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