E. It is the deferred tax consequence attributable to adeductible temporary difference and operating losscarryforward.a. Deferred tax liabilityb. Deferred tax assetc. Current tax liabilityd. Current tax asset

Explanation : The proportion of deferred tax liability owing to transitory differences that will…

Answered: is the defer E eductible tem…

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is the defer E eductible tem arryforward.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter18: Accounting For Income Taxes

Section: Chapter Questions

Problem 1MC: Which of the following is not a cause of a difference between pretax financial income and taxable...

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E. It is the deferred tax consequence attributable to a
deductible temporary difference and operating loss
carryforward.
a. Deferred tax liability
b. Deferred tax asset
c. Current tax liability
d. Current tax asset

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