Which of the following will result in reporting deferred tax assets and/or deferred tax liabilities on the balance sheet. Temporary differences

Permanent differences

All of the above

None of the above

Under US GAAP, recognizing revenue earlier on the tax return than it is recognized in the GAAP based income statement

Results in recognition of a deferred tax asset

Creates a future taxable amount

Results in recognition of a deferred tax liability

None of the above.