_______________________ is a service provided by the U.S. Postal

NewsMonth has $10,000,000 of Deferred revenue - subscriptions. NewsMonth recognizes income for tax purposes when cash is collected, and pays tax at a rate of 35%. NewsMonth's balance sheet should include a:

a. Deferred tax asset of $3,500,000. b. Deferred tax asset of $6,500,000. c. Deferred tax liability of $3,500,000 d. Deferred tax liability of $6,500,000.

The efficient, low-cost transactional experience provides inexpensive, convenient, self-service exchange relationships with minimal value-added service, often through Internet Web sites or other direct marketing media

Indicate whether the statement is true or false