Deferred Tax Assets And Liabilities Examples Balance Sheet Format Vertical
Deferred tax liability (75.2%) minus taxes paid (20X2) equals the tax expense. Arrears interest income is taxed on a cash basis but is included in the accounting profit on a time apportioned basis. Deferred tax assets and liabilities result from temporary discrepancies. These transactions result in the balances of deferred tax assets and liabilities. Examples […]