Recording of a deferred tax asset


What circumstances lead to the recording of a deferred tax asset?

a. a deferred tax asset results when a transaction results in a difference that causes financial income to be less than taxable income.

b. a deferred tax asset results when a transaction results in a difference that causes taxable income to be less than financial income.

c. a deferred tax asset results when a transaction reverses a difference, causing financial income to be less than taxable income.

d. deferred tax asset results when a transaction reverses a difference, causing taxable income to be less than financial income.

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Accounting Basics: Recording of a deferred tax asset
Reference No:- TGS089182

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