(Appendix 8A): Deferred (Future) Income Tax: Timing Differences

\section*{Required:}

Identify and explain which of the following would be considered a timing difference for deferred income tax accounting purposes:

a. Product warranty liabilities

b. Litigation accruals

c. A regular office supply expense

d. Accounting bookkeeping fees

e. Royalties and rentals received in advance OBJECTIVE 6 Exercise