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Which of the following temporary differences will result in a deferred tax liability? O Excess of tax depreciation over financial accounting depreciation. O Subscriptions received
Which of the following temporary differences will result in a deferred tax liability? O Excess of tax depreciation over financial accounting depreciation. O Subscriptions received in advance. O Bad debt expense. Warranty expense. A company has a temporary difference related to depreciation. How would the deferred tax account related to depreciation be reported on the balance sheet? O Current liability O Noncurrent liability Current asset Noncurrent asset
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