Which of the following temporary differences ordinarily creates a deferred tax asset?

Name: Which of the following temporary differences ordinarily creates a deferred tax asset?
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

Accrued warranty costs typically create a deferred tax asset because these costs are recognized as expenses for financial reporting purposes before they are deductible for tax purposes, leading to a temporary difference that will result in deductible amounts in future periods.

Which of the Following Temporary Differences Ordinarily Creates a Deferred