Inter-period income tax allocation causes:

a. tax expense is shown on the income statement to equal the amount of income taxes payable for the current year plus or minus the change in the deferred tax asset or liability balances for the year.

b. tax expense is shown in the income statement to bear a normal relation to the tax liability.

c. tax liability is shown in the balance sheet to bear a normal relation to the income before tax reported in the income statement.

d. tax expense in the income statement to be presented with the specific revenues causing the tax.

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ANSWER IS a tax expense is shown on the income statem... View the full answer