Which statement is accurate? The balance sheet approach is also known as the "deferral method." One of the main differences between the deferral method and the accrual method is that the deferral method requires the deferred income tax balances to be measured using the tax rate, expected to be applicable when the temporary differences are expected to reverse. O The taxes payable method is also known as the "deferral method." The deferral method and the accrual method are "tax allocation" approaches. The income statement approach is also known as the "accrual method