The excess of the value of a company's inventory stated at FIFO over the value stated at LIFO is called a(n) _________________________

__________is the effort to capture media attention—for example, through articles or editorials in publications or through human-interest stories on radio or television programs

Fill in the blanks with correct word.

Shortly before the end of 2016, Colter Company makes an installment sale that generates $400 of before-tax income. Colter recognizes income for accounting purposes when the sale is made, but will recognize income for tax purposes when cash is subsequently collected in 2017. Colter has a tax rate of 40%. As a result of this transaction, Colter's tax expense journal entry would include a:

a. Debit to Deferred tax liability for $400. b. Credit to Deferred tax liability for $400. c. Debit to Deferred tax liability for $160. d. Credit to Deferred tax liability for $160.