Deferred income taxes result from: a. The fact that bond interest is deductible in the computa-tion of taxable income. b. Depositing income taxes due in future years in a specialfund managed by an independent trustee.c. Differences between certain revenue and expense itemsrecognized in financial statements but not in income taxreturns.d. The inability of a bankrupt company to pay its incometax liability on schedule.

Deferred income taxes result from:

a. The fact that bond interest is deductible in the computa-
tion of taxable income.

b. Depositing income taxes due in future years in a special
fund managed by an independent trustee.
c. Differences between certain revenue and expense items
recognized in financial statements but not in income tax
returns.
d. The inability of a bankrupt company to pay its income
tax liability on schedule.

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