问题
单项选择题
Kruger Associates uses an accrual basis for financial reporting purposes and cash basis for tax purposes. Cash collections from customers are $ 476000, and accrued revenue is only $ 376000. Assume expenses at 50 percent in both cases (i.e.$ 238000 on cash basis and $188000 on accrual basis), and a tax rate of 34 percent. What is the deferred tax asset or liability A deferred tax:（）
A. asset of $17000.
B. asset of $ 48960.
C. liability of $ 48960.
答案
参考答案：A
解析：
Since taxable income ($ 238000) exceeds pretax income ($188000), Kruger will have a deferred tax asset of $17000 [($238000-$188000)×0.34].