Reference no: EM132863728

Question -

What is the effect of the finance lease model in lessee accounting in accounting for income taxes? Would it result into a deferred tax asset or deferred tax liability?

What is the deduction that private educational institutions have an option to elect? What is the effect of such deduction in accounting for income taxes? Would it result into a deferred tax asset or deferred tax liability?

What is the effect in accounting for income taxes for items recognized directly in equity (e.g. revaluation surplus, employee stock option plan, etc.). Would a revaluation surplus result into a deferred tax asset or deferred tax liability?