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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
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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