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Which of the following temporary differences between pretax financial income and taxable income ordinarily creates a deferred tax asset? Select one: a. Prepaid insurance. b.
Which of the following temporary differences between pretax financial income and taxable income ordinarily creates a deferred tax asset? Select one:
a. Prepaid insurance. b. Accrued warranty costs. c. A newly acquired asset is depreciated on an accelerated basis for tax reporting purposes, but on a straight-line basis for financial reporting purposes. d. Accrued revenues.
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