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In Terms of FASB Statement of Financial Accounting Concepts No

Question 20

Multiple Choice

In terms of FASB Statement of Financial Accounting Concepts No. 6, a deferred tax
 Results from  Is a Represents a PastPresent FutureTransaction  Obligation Sacrifice \begin{array}{ccc} &\text { Results from }&\text { Is a} &\text { Represents }\\ & \text {a Past} & \text {Present} &\text { Future} \\& \text {Transaction }&\text { Obligation} &\text { Sacrifice }\\\end{array}


A) YesNo Yes\begin{array}{ccc} && \text {Yes} &&&&& \text {No }&&&& \text {Yes} \\\end{array}
B) Yes Yes  No\begin{array}{ccc} && \text {Yes }&&&& \text {Yes }&&&&\text { No} \\\end{array}
C)  Yes Yes Yes\begin{array}{ccc}&&\text { Yes} &&&&\text { Yes }&&&& \text {Yes} \\\end{array}
D)  No No No \begin{array}{ccc} &&\text { No }&&&& \text {No }&&&&& \text {No }\\\end{array}

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