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.
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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