Accounting for Income Taxes Flashcards
1
Q
What is deferred tax asset and deferred tax liability?
A
2
Q
What is the impact of deferred taxes on the balance sheet?
A
3
Q
What is the calculation of taxable income and current tax expense?
A
4
Q
What items are considered permanent and temporary tax differences?
A
5
Q
What is the uncertain tax position?
A
6
Q
How to determine deferred tax liability and deferred tax asset?
A
7
Q
What is corporate net operating loss deduction?
A
8
Q
What are the balance sheet effects of temporily (timing) differences for revenue and expenses?
A
