Which not cause a deferred income tax amount to be recorded

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Question 1: Which of the following situations will not cause a deferred income tax amount to be recorded?

Option 1: An expense that is recognized in 2015 for income tax purposes and in 2016 for financial statement purposes.

Option 2: · Interest income from municipal bonds that is recognized in 2015 for financial statement purposes but is tax exempt for income tax purposes.

Option 3: · A revenue is recognized in 2015 for income tax purposes and in 2016 for financial statement purposes.

Option 4: · None of the above situations would cause a deferred income tax amount.

Reference no: EM132586596

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