Question: 1 . Circle or highlight the correct answer. A balance sheet that contains a deferred tax asset may be a signal indicating: ( 1 point

1. Circle or highlight the correct answer. A balance sheet that contains a deferred tax asset may be a signal indicating: (1 point)
A. The companys income tax strategy is good.
B. Nothing at all.
C. The companys income tax strategy is suspect.
The companys accounting basis income is greater than its taxable income

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