Question: A deferred tax liability arises when there is a _ _ _ _ blank ( 1 ) _ _ _ _ blank difference between accounting

A deferred tax liability arises when there is a ____blank(1)____blank difference between accounting income and taxable income that results in the ____blank(2)____blank of income taxes owed.
Multiple Choice
(1) permanent; (2) acceleration
(2) permanent; (2) deferral
(1) temporary; (2) acceleration
(1) temporary; (2) deferral

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