header bg

Scan QR code or get instant email to install app


Which of the following definitions used in accounting for income taxes is least accurate?

A Deferred tax liability is created when tax expense is less than taxes payable and the difference is expected to reverse in future years.

Deferred tax liability refers to balance sheet amounts chat are created when tax expense is greater than taxes payable.

Related Information


Leave a Reply

Your email address will not be published. Required fields are marked *