You are trying to explain deferred taxes to a friend. You indicate that deferred tax expense is recorded in the current year even though the amount will not have to be paid until future years. QUESTION What is the reason for recording a tax expense in the current year even though will actually be paid in future years? Select one: O a. Tax rates tend to increase over time and recording tax expense in the current year takes this into account. O b. Profits are likely to increase in the future and recording the tax expense in the current year is taking this into account. O C. The matching principle is used to record the tax in the current year. O d. The revenue recognition principle is used in the current year