Deferred tax liability is recorded when Blank$\_\_\_\_\_\_.$

Multiple choice question.

federal income tax expense is the same on both the income tax return and the income statement prepared under GAAP

a company reports more depreciation $($and less income tax$)$ on its tax return than it reports on its income statement prepared under GAAP

a company doesn't have enough cash to pay its income taxes right away and promises the IRS to pay them later