Which of the following is an example of a temporary difference that would result in a deferred tax liability?
a. Use of straight-line depreciation for accounting purposes and an accelerated rate for income tax purposes
b. Rent revenue collected in advance when included in taxable income before it is included in pretax accounting income
c. Use of a shorter depreciation period for accounting purposes than is used for income tax purposes
d. Investment losses recognized earlier for accounting purposes than for tax purposes
A
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What will be an ideal response?
Citizenship behavior is defined as voluntary employee activities that may or may not be rewarded
Indicate whether this statement is true or false.