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Accounting

A company uses the equity method to account for an investment. This would result in what type of difference and in what type of deferred income tax?

Type of Difference Deferred Tax

Option 1 Permanent Asset
Option 2 Permanent Liability
Option 3 Temporary Asset
Option 4 Temporary Liability

A. Option 4
B. Option 1
C. Option 2
D. Option 3

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M992816

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