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A deferred tax asset would result if 1- a company recorded more warranty expense in 2016...

A deferred tax asset would result if

1- a company recorded more warranty expense in 2016 than cash paid in 2016 for warranty repairs.-

2- a company recorded more taxable depreciation in 2016 for an asset acquired in 2008.

3 - a company recorded a tax penalty in 2016 that it paid in 2017.

4 - a company recorded more interest revenue in 2016 than cash received in 2016 for interest.

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Answer #1

Answer is

4 - a company recorded more interest revenue in 2016 than cash received in 2016 for interest.

Reason

As more income have been reported so it will lead to more tax paid whereas lesser cash is received in 2016 so it will lead to more tax being paid hence as deferred tax asset would result as for recording the more revenue than related to 2016. As lesser tax will be paid in future so deferred tax asset will be adjusted then.

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