Complete the following statements by filling in the blanks

a In #1389

Complete the following statements by filling in the blanks.

a. In a period in which a taxable temporary difference reverses, the reversal will cause taxable
income to be ______ (less than, greater than) pretax financial income.

b. If a $68,000 balance in Deferred Tax Asset was computed by use of a 40% rate, the
underlying cumulative temporary difference amounts to $______.

c. Deferred taxes ______ (are, are not) recorded to account for permanent differences.

d. If a taxable temporary difference originates in 2019, it will cause taxable income for 2019 to
be ______ (less than, greater than) pretax financial income for 2019.

e. If total tax expense is $50,000 and deferred tax expense is $65,000, then the current portion
of the expense computation is referred to as current tax ______ (expense, benefit) of $______.

f. If a company's tax return shows taxable income of $105,000 for Year 2 and a tax rate of 40%,
how much will appear on the December 31, Year 2, statement of financial position for "Income
taxes payable" if the company has made estimated tax payments of $36,500 for Year 2?
$______.

g. An increase in the Deferred Tax Liability account on the statement of financial position is
recorded by a ______ (debit, credit) to the Income Tax Expense account.

h. An income statement that reports current tax expense of $82,000 and deferred tax benefit of
$23,000 will report total income tax expense of $______.

i. A reduction in a deferred tax asset is needed whenever it is judged to be ______ that a

portion of a deferred tax asset ______ (will be, will not be) realized.

j. If the tax return shows total taxes due for the period of $75,000 but the income statement
shows total income tax expense of $55,000, the difference of $20,000 is referred to as a
deferred tax ______ (expense, benefit).

Complete the following statements by filling in the blanks a In

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