Taxes Flashcards by Ge Erri | Brainscape

Q

If new tax rate is higher

A

Dta, dtl increase

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Q

If new tax lower

A

Dta, dtl decrease

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Q

Valuation allowance is

A

Probability of not getting dta

Can be reversed under Us Gaap

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Q

Inc Tax Exp =

A

ITE=ITP+ change in Dtl - change in dta

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Q

Eff tax rate

A

Ite/ebt= itp+/-(change in dta or dtl) /ebt

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Q

Asst Cv > Tb

A

Dtl

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Q

Asst cv < tb

A

Dta

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Q

Liab cv>tb

A

Dta

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Q

Liability cv< tb

A

Dtl

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