Which of the following transactions is most likely to affect the deferred taxes account of a firm?

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Using a different depreciation method for tax purposes than for reporting purposes can lead to temporary differences in the amount of taxable income reported for financial statements and tax returns, which can result in deferred taxes being recorded on the balance sheet. Options A and B are related to accounts payable and revenue, respectively, and would not directly impact deferred taxes. Option C is related to an extraordinary loss and would impact the income statement but not necessarily the deferred taxes account. The use of different depreciation methods for financial reporting and tax reporting will lead to differences in the amount of depreciation expense reported and the amount of tax deductions taken, resulting in deferred taxes on the balance sheet. The other transactions are not likely to have a direct impact on deferred taxes.

Which of the Following Transactions Is Most Likely to Affect