I'm pretty sure that I'm right but wanted to check my answer with you. I'm pretty certain it is "C". Am I correct?
The accounting procedure that accounts for most of the deferred income tax liability for most companies is:
a. providing the allowance for doubtful accounts.
b. applying the inventory cost flow assumption (FIFO vs. LIFO).
c. applying a depreciation method (accelerated vs. straight-line).
d. amortizing bond premium or discount.
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