Question: 12. A deferred tax asset is the A) current tax consequence of a taxable temporary difference. B) current tax consequence of a deductible temporary difference.

12. A deferred tax asset is the A) current tax consequence

12. A deferred tax asset is the A) current tax consequence of a taxable temporary difference. B) current tax consequence of a deductible temporary difference. C) future tax consequence of a deductible temporary difference. D) future tax consequence of a taxable temporary difference

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