A deferred tax liability/asset is computed using the? either current or expected tax laws, regardless of whether those expected laws have been enacted current tax laws, regardless of expected or enacted future tax laws current tax laws, unless enacted future tax laws are different expected future tax laws, regardless of whether those expected laws have been enacted
A deferred tax liability/asset is computed using the? either current or expected tax laws, regardless of whether those expected laws have been enacted current tax laws, regardless of expected or enacted future tax laws current tax laws, unless enacted future tax laws are different expected future tax laws, regardless of whether those expected laws have been enacted
A deferred tax liability/asset is computed using the? either current or expected tax laws, regardless of whether those expected laws have been enacted current tax laws, regardless of expected or enacted future tax laws current tax laws, unless enacted future tax laws are different expected future tax laws, regardless of whether those expected laws have been enacted
A deferred tax liability/asset is computed using the?
either current or expected tax laws, regardless of whether those expected laws have been enacted
current tax laws, regardless of expected or enacted future tax laws
current tax laws, unless enacted future tax laws are different
expected future tax laws, regardless of whether those expected laws have been enacted
Definition Definition Estimated future tax made while preparing accounts. Deferred tax is estimated based on past and present transactions from financial statements. It is not the actual tax that needs to be paid or is refundable from the revenue authority; it is an accounting entry. It is necessary to account for deferred tax due to difference between accounting profits and taxable profits.
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