Which of the following temporary differences results in a deferred tax asset in the year the temporary difference originates?

Which of the following temporary differences results in a deferred tax asset in the year the temporary difference originates?



I. Accrual for product warranty liability.
II. Subscriptions received in advance.
III. Prepaid insurance expense.


a. I and II only.
b. II only.
c. III only.
d. I and III only.


Answer: I and II only


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