A corporation records an unrealized loss on FV-NI investments. This would result in what type of difference and in what type of deferred tax account? $\begin{array}{lccc}
& \text { \underline{\text{ Type of Difference }} } & & \text { \underline{\text{ Deferred tax }} } \
\text { A) } & \text { Reversible } & & \text { Liability } \
\text { B) } & \text { Reversible } & & \text { Asset } \
\text { C) } & \text { Permanent } & & \text { Liability } \
\text { D) } & \text { Permanent } & & \text { Asset }
\end{array}$

Question

A corporation records an unrealized loss on FV-NI investments. This would result in what type of difference and in what type of deferred tax account? $\begin{array}{lccc} 
& \text { \underline{\text{ Type of Difference }}  } & & \text { \underline{\text{ Deferred tax }} } \
\text { A) } & \text { Reversible } & & \text { Liability } \
\text { B) } & \text { Reversible } & & \text { Asset } \
\text { C) } & \text { Permanent } & & \text { Liability } \
\text { D) } & \text { Permanent } & & \text { Asset }
\end{array}$

Quizplus · Accepted Answer

The Answer of A corporation records an unrealized loss on FV-NI investments. This would result in what type of difference and in what type of deferred tax account? $\begin{array}{lccc} 
& \text { \underline{\text{ Type of Difference }}  } & & \text { \underline{\text{ Deferred tax }} } \
\text { A) } & \text { Reversible } & & \text { Liability } \
\text { B) } & \text { Reversible } & & \text { Asset } \
\text { C) } & \text { Permanent } & & \text { Liability } \
\text { D) } & \text { Permanent } & & \text { Asset }
\end{array}$

A Corporation Records an Unrealized Loss on FV-NI Investments