Which of the following events would create a temporary tax difference with respect to either a deferred tax asset or deferred tax liability?

a) Cash dividends received by a corporation from another domestic corporation

b) The use of the installment sales method for tax reporting purposes

c) Payment of federal and state income taxes

d) Life insurance proceeds received on the death of an individual

Answer rating: 100% (QA)

c The use of installment sales method for tax reporting purpose... View the full answer