In a period in which a taxable temporary difference reverses, the reversal will cause taxable income to be

financial income.

If a $$38,500$ balance in Deferred Tax Asset was computed by use of a $20\%$ rate, the underlying cumulative temporary difference amour

to $

Deferred taxes

recorded to account for permanent differences.

If a taxable temporary difference originates in $2025,$ it will cause taxable income for $2025$ to be

income for $2025.$

If total tax expense is $$67,000$ and deferred tax expense is $$48,100,$ then the current portion of the expense computation is referred $t.$

If a corporation's tax return shows taxable income of $$95,100$ for Year $2$ and a tax rate of $20\%,$ how much will appear on the

December $31,$ Year $2,$ balance sheet for "Income taxes payable" if the company has made estimated tax payments of $$17,550$ for Year $$

$

An increase in the Deferred Tax Liability account on the balance sheet is recorded by a

to the Income Tax Expense accour

An income statement that reports current tax expense of $$78,300$ and deferred tax benefit of $$22,500$ will report total income tax exp

of $

A valuation account is needed whenever it is judged to be

that a portion of a deferred tax asset

realized.

If the tax return shows total taxes due for the period of $$75,800$ but the income statement shows total income tax expense of $$57,200$

the difference of $$18,600$ is referred to as deferred tax