If an expense is reported on the tax return before it is reported on the financial accounting books
A)the result is a deferred tax asset
B)the result is a deferred tax liability
C)there could be either a deferred tax asset or liability
D)there is no effect as this is not a timing difference

Question

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The Answer of If an expense is reported on the tax return before it is reported on the financial accounting books
A)the result is a deferred tax asset
B)the result is a deferred tax liability
C)there could be either a deferred tax asset or liability
D)there is no effect as this is not a timing difference

If an Expense Is Reported on the Tax Return Before