Question
Which of the following temporary differences results in a deferred tax liability in the year the temporary difference originates? I. Accrual for product warranty liability.
Which of the following temporary differences results in a deferred tax liability in the year the temporary difference originates? I. Accrual for product warranty liability. II. Prepaid insurance expense. III. Subscriptions received in advance. IV. Accrued revenues that will be received in installments I and II only. II and III only. I and III only. II and IV only.
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
