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Which of the following differences between pretax GAAP income and taxable income ordinarily create a deferred tax asset? Select one: a. Prepaid expenses b. Accelerated
Which of the following differences between pretax GAAP income and taxable income ordinarily create a deferred tax asset?
Select one:
a. Prepaid expenses
b. Accelerated depreciation on the tax return
c. Deferred rent revenue
d. Installment sales for which taxable income is recognized when cash is collected
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