When income tax expense for a period is greater than income tax payable the difference will be reported how and on which financial statement?
a. Deferred tax asset and Statement of Cash Flows
b. Deferred tax asset and Balance Sheet
c. Deferred tax liability and Statement of Cash Flows
d. Deferred tax liability and Balance Sheet
D
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Answer the following statement true (T) or false (F)
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What will be an ideal response?
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