Question: A deferred tax liability is the Question 31Select one: a. future tax consequence of a taxable temporary difference. b. future tax consequence of a deductible

A deferred tax liability is the

Question 31Select one:

a.

future tax consequence of a taxable temporary difference.

b.

future tax consequence of a deductible temporary difference.

c.

current tax consequence of a deductible temporary difference.

d.

current tax consequence of a taxable temporary difference.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Weaver Company had a net deferred tax liability of $38,500 at the beginning of the year, representing a net taxable temporary difference of $100,900 (taxed at 34%). During the year, Weaver reported...

Q:

Please provide step by step question so i can better understand. Thank you! ABC has a net deferred tax liability of $1226.7 at the beginning of the year, representing a net taxable temporary...

Q:

Current Attempt in Progess The following tacts relanc to Biossom Corporation. Delerned tak liablity, Janury 1 , 2 0 2 5 , 5 3 6 , 9 0 0 . Takible inomelor 2 0 2 5 . 5 1 2 9 . 1 5 0 . The compary is...

Q:

Deferred tax liability, January 1 , 2 0 2 5 , $ 3 3 , 0 0 0 . Deferred tax asset, January 1 , 2 0 2 5 , $ 1 1 , 0 0 0 . Taxable income for 2 0 2 5 , $ 1 1 5 , 5 0 0 . Cumulative temporary difference...

Q:

The following facts relate to Sandhill Corporation. Deferred tax liability, January 1 , 2 0 2 5 , $ 3 3 , 0 0 0 . Deferred tax asset, January 1 , 2 0 2 5 , $ 1 1 , 0 0 0 . Taxable income for 2 0 2 5...

Q:

The following facts relate to Blossom Corporation. Deferred tax liability, January 1 , 2 0 2 5 , $ 3 0 , 3 0 0 . Deferred tax asset, January 1 , 2 0 2 5 , $ 1 0 , 1 0 0 . Taxable income for 2 0 2 5 ,...

Q:

current Altempt in rrogress The following facts relate to Blossom Corporation. Deferred tax liability, January 1 , 2 0 2 5 , $ 3 0 , 3 0 0 . Deferred tax asset, January 1 , 2 0 2 5 , $ 1 0 , 1 0 0 ....

Q:

Current Attempt in Progress The following facts relate to Blossom Corporation. Deferred tax liability, January 1 , 2 0 2 5 , $ 3 6 , 9 0 0 . Deferred tax asset, January 1 , 2 0 2 5 , $ 1 2 , 3 0 0 ....

Q:

Current Attempt in Progress The following facts relate to Sandhill Corporation. Deferred tax liability, January 1 , 2 0 2 5 , $ 3 3 , 0 0 0 . Deferred tax asset, January 1 , 2 0 2 5 , $ 1 1 , 0 0 0 ....

Q:

Question 1 of 4 0 1 3 v d o t s - = vdots The following facts relate to Blossom Corporation. Deferred tax liability, January 1 , 2 0 2 5 , $ 3 0 , 3 0 0 . Deferred tax asset, January 1 , 2 0 2 5 , $...

Q:

The below cost data pertain to the operations of Polek Department Stores, Inc., for the month of March. The Northridge Store is just one of many stores owned and operated by the company. The...

Q:

Blue Co. has three production departments A, B, and C. Blue also has two service departments, Administration and Personnel. Administration costs are allocated based on value of assets employed, and...

Q:

Marbles Inc. is an accrual basis taxpayer that sells furniture. On December 1 5 , 2 0 2 4 , a customer purchased a sofa that was in stock. However, the customer wanted the sofa delivered on the first...

Q:

What Would You Do? You are the lead detective of the sting operation. You place three unmarked vehicles with different vantage points at the mall and chain retailer. You also place four...

Q:

1. What should the city do prior to issuing personal protective equipment?

Q:

4. Based on what youve seen to this point, how comprehensive would you say that the companys safety program is? What additional steps should it take?

Q:

6. Do you agree that safety in the office is a matter of attitude? Why?