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Which of the following is the correct relationship? OA Deductible difference leads to Deferred Tax Liability. Permanent Revenue leads to a Deferred Tax Asset. OA

image text in transcribedimage text in transcribedimage text in transcribed Which of the following is the correct relationship? OA Deductible difference leads to Deferred Tax Liability. Permanent Revenue leads to a Deferred Tax Asset. OA Taxable difference leads to a Deferred Tax Liability. Permanent Expense leads to a Deferred Tax Asset. Which of the following differences leads to a deferred tax liability? O Contingent expense/liability O Long-term loss accrual - excess carried to the next year O Payment of tax penalty O Depreciation expense, tax in excess of book Which of the following differences is a permanent expense? O Unearned subscriptions O Insurance premium on "key" employees O Royalty income O Prepaid expense

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