Receiving interest from a municipal bond. Advanced Accounting, 10th Edition [PDF] [27hu8ksi4cj0] Prepayment income reported as income on the tax return prior to being reported as income on the financial income statement. Consider the following example for deferred tax assets. Prospectus. Of the following temporary differences, which one ordinarily creates a deferred tax asset? Which of the following Which of the following creates a deferred tax asset? Document - Docs - TOA QUIZZER 3 Multiple Choice Identify the … Temporary difference = 20,000 – 0 = 20,000. Net Zero Headlines on One News Page So it results in the deferred tax asset. Correct Answer Choice: ANSWER: Choice "C" is correct. weav-20211231 b) Goodwill amortization. The balance on the deferred tax liability account is 150 representing the future liability of the business to pay tax on the income for the period.. which of the following creates a deferred tax asset? If you’ll be paying child and/or spousal support as part of your divorce agreement, it may help to know what types of income courts look at as they determine your level of obligation.
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