ACCT 312 Week 1 Quiz Answers 1. (TCO 1) Which causes a temporary difference between taxable and pretax accounting income? (Points : 10) 2. (TCO 1) Which difference between financial accounting and tax accounting ordinarily creates a deferred tax liability? (Points : 10) 3. (TCO 1) Which temporary difference ordinarily creates a deferred tax asset? (Points : 10) 4. (TCO 1) The tax effect of a net operating loss (NOL) carry back usually (Points : 10) 5. (TCO 1) Which causes a permanent difference between taxable income and pretax accounting income? (Points : 10)
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