Deferred Taxes Occur When a Company Postpones Taxes on Profits

Deferred taxes occur when a company postpones taxes on profits pertaining to

A) tax years they are under an audit by the Internal Revenue Service.
B) funds they have not collected because they use the accrual method of accounting.
C) a loss they intend to carry back or carry forward on their income tax returns.
D) a particular period as they end up postponing part of their tax liability on this year's profits to future years.