问题
单项选择题
Camphor Associates uses acerual basis for financial reporting purposes and cash basis for tax purposes. Cash collections from customers is $ 238000, and accrued revenue is only $188000 Assume expenses at 50 percent in both eases (i. e. $119000 on cash basis and $ 94000 on accrual basis) , and a tax rate of 34 percent. What is the deferred tax asset/liability in this case A deferred tax:
A．
| A. liability of $ 8500. |
B．
| B. asset of $ 48960. |
C．
| C. asset of $ 8500. |
答案
参考答案：C
解析：Since taxable income ( $119000) exceeds pretax income ( $ 94000), Camphor will have a deferred tax asset of $ 8500 = [ ( $ 119000 - $ 94000) × 0.34 ].