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Which of the following temporary differences creates a current deferred tax liability? A) Accumulated depreciation on a building B) Accumulated amortization on a customer list
Which of the following temporary differences creates a current deferred tax liability?
A) Accumulated depreciation on a building
B) Accumulated amortization on a customer list (intangible with a five-year life)
C) Unearned revenue expected to be collected in the next 12 months D) Deferred compensation expected to be paid in the next 12 months
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