At the December 31, 2020 balance sheet date, Unruh Corporation reports an accrued receivable for financial reporting purposes but not for tax purposes. When this asset is recovered in 2019, a future taxable amount will occur and: a. Pretax financial income will exceed taxable income in 2019.
b. Unruh will record a decrease in a deferred tax liability in 2019.
c. Total income tax expense for 2019 will exceed current tax expense for 2019.
d. Unruh will record an increase in a deferred tax asset in 2019.