A temporary difference which would result in a deferred tax liability is a) installment sale included in accounting income at the time of sale but not in tax income b) subscription received in advance c) research cost is recognized as expense in accounting income but not in tax income d) Dividend revenue on equity investment

A temporary difference which would result in a deferred tax liability is a) installment sale included in accounting income at the time of sale but not in tax income b) subscription received in advance c) research cost is recognized as expense in accounting income but not in tax income d) Dividend revenue on equity investment

Name: A temporary difference which would result in a deferred tax liability
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Description: A temporary difference which would result in a deferred tax liability isa) installment sale included in accounting income at the time of sale but not in tax incomeb) subscription received in advancec) research cost is recognized as expense in account

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter12: Liabilities: Off-balance-sheet Financing, Retirement Benefits, And Income Taxes

Section: Chapter Questions

Problem 17Q

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