1. (TCO 1) Which causes a temporary difference between taxable and pretax accounting income? (Points : 4) Investment expenses incurred to generate tax-exempt income Prepaid rent, tax-deductible when paid The dividends received deduction Life insurance proceeds received due to the death of an executive

Question 2. 2. (TCO 1) Which difference between financial accounting and tax accounting ordinarily creates a deferred tax liability? (Points : 4)

Interest income on municipal bonds Prepaid rent Proceeds from life insurance received due to the death of an executive None of the above

answer both questions choose a bc d , then i give thumbs up