Question: please answer questions 1-10 1. As a type of allocation, why is income tax allocation unique? 2. Relative to depreciation, why is comprehensive allocation an
1. As a type of allocation, why is income tax allocation unique? 2. Relative to depreciation, why is comprehensive allocation an example of rigid uniformity and partial allocation an example of finite uniformity? 3. Although net-of-tax depreciation gives the same bottom-line result as compre. hensive allocation, are there any financial ratios that are affected by the choice between these methods? 4. How do the deferral and liability methods of implementing comprehensive allocation differ? 5. What is the rollover defense of the liability interpretation of deferred taxes, and how has it been attacked? 6. What is the justification for discounting deferred tax liabilities under either com- prehensive or partial allocation? 7. What is the interpretation of income tax expenses under partial allocation? 8. What is permanent deferral?obe 30 9. How did SFAS No. 96 differ from APB Opinion No. 11? 10. How does SFAS No. 109 differ from SFAS No. 96
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