Which of the Following Temporary Differences Creates a Deferred Tax

Multiple Choice

Which of the following temporary differences creates a deferred tax asset in the year in which it originates?

A) Accelerated tax depreciation in excess of straight-line book depreciation.
B) Prepayment income reported as income on the tax return prior to being reported as income on the financial income statement.
C) Gain reported on the income statement prior to being reported on the tax return.
D) Prepayment deduction reported on the tax return prior to being reported on the income statement.