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Which of the following will result in a deferred tax asset? Using the installment sales method for tax purposes, while using point of sale for
Which of the following will result in a deferred tax asset?
Using the installment sales method for tax purposes, while using point of sale for financial reporting.Reporting an unrealized gain for a trading security.Using accelerated depreciation for tax purposes and straight-line depreciation for financial reporting.Reporting an expected loss on from a lawsuit in the income statement, when it cannot be reported on the tax return until it is actually incurred.
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