Which of the following circumstances creates a deferred tax asset (can be deducted in future...
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Accounting
Which of the following circumstances creates a deferred tax asset (can be deducted in future for tax purposes)?
Group of answer choices
a. Semi-annual interest earned from municipal bonds
b. Life insurance proceeds received by the company upon the death of the CEO
c. Accrued warranty expenses --deducted from financial income this year although actual repairs will occur in future years
d. Sales of property by the installment method: revenue is recognized in year of sale for financial accounting but not until the year collected for tax accounting
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