Using different accounting methods on financial statements and tax returns that delay the payment of income taxes results in:

Question $19$ options:

A$)$

No effect on the statement of financial position $($balance sheet$)$; only the income statement is affected.

B$)$

No effect on the statement of financial position $($balance sheet$)$ or the income statement.

C$)$

A deferred tax liability in the statement of financial position $($balance sheet$).$

D$)$

An illegal situation.