Which of the following temporary differences results in a deferred tax asset in the year

the temporary differences originates? I. Accrual for product warranty liability II.
Subscriptions received in advance. III. Prepaid insurance expense. *
1 point

I and II only
II only
III only
I and III only

Which of the following is not an accrued expense? *

1 point

A company prepays for Internet services for one month in advance.

The lawn maintenance company has completed sprinkler maintenance services yet has not
issued an invoice as of yet.
You receive delivery of a computer on May 5 and the invoice won’t post until after June 1.
The office supply store delivers merchandise and your corporate account is billed. You have 90
days to make the payment.