Question: Problem 2 (20 points) are items that are treated differently for accounting purposes than they are for tax purposen Indicate whether the items will liabilities

 Problem 2 (20 points) are items that are treated differently for

Problem 2 (20 points) are items that are treated differently for accounting purposes than they are for tax purposen Indicate whether the items will liabilities (DTL). esult in: permanent differences (P), deferred tax assets (DTA) or deferred tax 1. Fine for polluting. 2. Estimated future warranty costs. 3. Expenses incurred in obtaining tax-exempt revenue 4. Installment sales. 5. Excess tax depreciation over accounting depreciation. Each question is worth 3 points. Mark the best choice on the scantron

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