Why must deferred taxes be recorded for accounting purposes? A. Deferred taxes are recorded due to changes
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Question:
Why must deferred taxes be recorded for accounting purposes?
A. Deferred taxes are recorded due to changes in the tax rates.
B. Deferred taxes are recorded because there is a proposed tax rate not in effect.
C. Deferred taxes are recorded because of temporary differences.
D. Deferred taxes are recorded due to the difference between the cost of assets and their fair values.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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