The deferred tax expense is the 1. increase in balance of deferred tax asset minus the increase in balance of deferred tax liability.2. increase in balance of deferred tax liability minus the increase in balance of deferred tax asset. 3. decrease in balance of deferred tax asset minus the increase in balance of deferred tax liability.4. increase in balance of deferred tax liability from the beginning to the end of the accounting period.

4. increase in balance of deferred tax liability from the beginning to the end of the accounting period.

Explanation:

The deferred tax expense stand when the taxation method make us pay less taxes today but more in the subsequent accounting period.

That is because now, we have taken a higher income tax deduction for a given temporary reason and for accounting this should be reverted back asexpenses should match the revenues which generated.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

it is a i took the test.