Which of the following is a correct statement? O Deductible differences lead to a deferred tax liability. O Permanent expenses lead to a deferred tax asset. O Taxable differences lead to a deferred tax liability. Permanent revenue lead to a deferred tax liability. Which of the following temporary differences will result in a deferred tax liability? O Excess of tax depreciation over financial accounting depreciation. O Subscriptions received in advance. Bad debt expense. Warranty expense