Longboat, Inc. sold a luxury passenger boat from its inventory on December 31,2005 for $ 2000000. It is estimated that Longboat will incur $ 100000 in expenses servicing the warranty during its 5-year obligation. Longboat’ s tax rate is 30 percent. To account for the tax implications of the warranty obligation, Longboat should:（）
A. record a decrease in taxes payable of $ 30000.
B. record a deferred tax asset of $ 30000.
C. record a deferred tax liability of $ 30000.
参考答案：B
解析：
Warranty expense should be recorded when the inventory item covered by the warranty is sold. A deferred tax asset is created when warranty expenses are accrued on the financial statements but are not deductible on the tax returns until the warranty claims are paid. The full amount of the obligation, $100000, is recorded as an expense, with a deferred tax asset of $ 30000. Note that a deferred tax assets results when taxable income is more than pretax income and the difference is likely to reverse(warranty will be paid) in future years.