What circumstances lead to the recording of a deferred tax

Reference no: EM13138284

what circumstances lead to the recording of a deferred tax asset?

a-a deferred tax asset results when a transaction results in a difference that causes financial income to be less than taxable income.

b-deferred tax asset results when a transaction results in a difference that causes taxable income to be less than financial income.

c-a deferred tax asset results when a transation reverses a difference causing financial income to be less than taxable income.

d a deferred tax asset results when a transaction reverses a difference causing taxable income to be less than financial income

Reference no: EM13138284

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