What circumstances lead to the recording of a deferred tax asset?
a. a deferred tax asset results when a transaction results in a difference that causes financial income to be less than taxable income.
b. a deferred tax asset results when a transaction results in a difference that causes taxable income to be less than financial income.
c. a deferred tax asset results when a transaction reverses a difference, causing financial income to be less than taxable income.
d. deferred tax asset results when a transaction reverses a difference, causing taxable income to be less than financial income.