Pension expense is recorded for financial statements as accrued, but for income tax as paid....
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Accounting
Pension expense is recorded for financial statements as accrued, but for income tax as paid. If Company Z accrued $200,000 in Pension Expense in 2017, but paid $150,000 contributions for the year, how would this be reflected in the schedule to calculate deferred taxes?
a. as $50,000 future deductible, and subtracted from 2017 financial income.
b. as $50,000 future taxable, and subtracted from 2017 financial income.
c. as $50,000 future taxable, and added to 2017 financial income.
d. as $50,000 future deductible, and added to 2017 financial income.
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