A company records an unrealized loss on short-term securities. This would result in what type of difference and in what type of deferred income tax?

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A company records an unrealized loss on short-term securities. This would result in what type of difference and in what type of deferred income tax?

Type of Difference Deferred Tax

a. Temporary Liability
b. Temporary Asset
c. Permanent Liability
d. Permanent Asset

Answer: Temporary Asset

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