What circumstances lead to the recording of a deferred tax

Assignment Help Accounting Basics

Reference no: EM13138284

what circumstances lead to the recording of a deferred tax asset?

a-a deferred tax asset results when a transaction results in a difference that causes financial income to be less than taxable income.

b-deferred tax asset results when a transaction results in a difference that causes taxable income to be less than financial income.

c-a deferred tax asset results when a transation reverses a difference causing financial income to be less than taxable income.

d a deferred tax asset results when a transaction reverses a difference causing taxable income to be less than financial income

Reference no: EM13138284

Questions Cloud

What is the decision rule for mortgage on a motel : At the 0.01 level, is the bank loan financially sound (should the bank ask for additional collateral)? What is the decision rule?

Calculate the energy lost : calculate the energy lost when 75.0 g of water cools from 86.4 degrees celcius to 2.1 degrees celcius

Electrical and instrumentation use : Electrical & Instrumentation Use, State typical values for the loading effect on a low voltage AC circuit containing a lamp when measuring current with

Capital improvements : Explain the difference between capital improvements compared to Repairs and Maintenance, giving consideration to a taxpayer who owns a rental property.

What circumstances lead to the recording of a deferred tax : what circumstances lead to the recording of a deferred tax asset.

Internal rate of return and payback period : Annual cash savings from the purchase of the machine will be $20,000. Compute the internal rate of return and payback period.

What is the average thickness of the sheet : If a 1.22 g piece of gold is hammered into a sheet whose area is 32.4 ft2, what is the average thickness of the sheet? (The density of gold is 19.32 g cm-3.)

What is the amount of amortization expense : Day Company purchased a patent on January 1, 2010 for $360,000. The patent had a remaining useful life of 10 year at that date. In January of 2011, Day successfully defends the patent at a cost of $162,000, extending the patent's life to 12/31/22...

Aanalyze how your norganization uses self-directed teams : A analyze how yournorganization uses self-directed teams. What are the benefits or limitations that these teams bring to the organization? If your organization does not use self-directed teams, discuss what benefit(s) it could gain by doing so.

User Account

All Pages