The income statement approach to measuring income tax expense
a. is required by FASB Statement No. 109 .
b. compares revenues and expenses recognized for book and tax purposes, eliminates permanent differences, and computes income tax expense based on book income before taxes excluding permanent differences.
c. computes income tax expense as a difference between the tax basis of an asset or a liability and its reported amount in the [balance sheet] that will result in taxable or deductible amounts in some future year(s) when the reported amounts of assets are recovered and the reported amounts of liabilities are settled.
d. is required by IAS 12.
B
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Which of the following is included in the work in process account?
A) manufacturing overhead B) direct labor cost C) cost of raw materials used in production D) All of these answer choices are included in the work in process account.
________ consumers drank an average of only 14 eight-ounce bottles of Coke in 2012, compared with an average of 241 bottles in Brazil and 745 bottles in Mexico, leading Coca-Cola to announce a $5 billion investment over 2012-2020
A) Venezuelan B) Indian C) Indonesian D) South African E) Chinese
The extent to which a scale produces consistent results if repeated measurements are made on the characteristic is called ________
A) reliability B) validity C) accuracy D) efficiency E) substantiality
In motivational job design, ______ is the overall process of making jobs broader, with less repetition.
A. job enrichment B. job simplification C. job expansion D. job rotation