72. Which of the following temporary differences creates a deferred tax asset? a. Allowance for bad debts.

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72. Which of the following temporary differences creates a deferred tax asset?

a. Allowance for bad debts.

b. Goodwill amortization for tax, but not book, purposes.

c. Cumulative excess of tax over book depreciation.

d. Inventory capitalization under §263A.

e. Both

(a) and

(d) create a deferred tax asset.

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Taxation Of Individuals And Business Entities 2020

ISBN: 9781259969614

11th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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