Question: Analysts may prefer to a remove deferred tax from the financial statements as Question 6 Answer a . Deferred tax does not represent an amount
Analysts may prefer to a remove deferred tax from the financial statements as
Question Answer
a
Deferred tax does not represent an amount that is owed from or to tax authorities.
b
Analysts only require aftertax profit numbers.
c
There are minor differences between tax accounting and GAAP accounting.
d
Tax rates vary too much across jurisdictions and industries.
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