Final answer:
The journal entry for deferred taxes includes changes to deferred tax assets or liabilities and the income tax expense or benefit related to deferred taxes for that period. It may also include income tax payable or receivable when they are affected by the deferred calculations. Net income amount, however, is not part of the entry. Option number a is correct.
Step-by-step explanation:
The journal entry for deferred taxes primarily includes changes related to deferred tax assets and liabilities. This entry would reflect any increases or decreases in deferred tax assets or changes in deferred tax liabilities. Additionally, an accountant would record the income tax expense or benefit that relates to the deferred taxes for that period. The income tax expense or benefit is part of the income statement and is linked to the recognition of deferred tax.
The income tax payable and income tax receivable accounts are also included when they are affected by the deferred tax calculations. However, the net income amount is not directly included in the journal entry for deferred taxes, as it is the result of the income statement after all expenses, including income tax expense, have been deducted.