What Is the Journal Entry Required to Recognize a Deferred

Multiple Choice

What is the journal entry required to recognize a deferred tax asset of $50,000?

A) Dr. Deferred Tax Asset $50,000, Cr. Income Tax Benefit $50,000
B) Dr. Deferred Tax Asset $50,000, Cr. Equity $50,000
C) Dr. Income Tax Expense $50,000, Cr. Deferred Tax Asset $50,000
D) Dr. Deferred Tax Asset $50,000, Cr. Deferred Tax Liability $50,000