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Which of the following differences leads to a deferred tax asset? O Dividends-received deductions O Depreciation expense, tax in excess of book O Warranty expense
Which of the following differences leads to a deferred tax asset? O Dividends-received deductions O Depreciation expense, tax in excess of book O Warranty expense O Prepaid expense A company has a temporary difference related to depreciation. How would the deferred tax account related to depreciation be reported on the balance sheet? O Current liability Noncurrent liability Current asset Noncurrent asset Of the following differences which would not result in the recognition of a deferred tax asset? Subscriptions revenue received in advance. O An operating loss carryforward. O Contingent expense/liability. O Receipt of municipal bond interest
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