1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrews [41]
3 years ago
12

Which of the following is false?

Law
1 answer:
Charra [1.4K]3 years ago
8 0

Answer:

Under GAAP, deferred taxes are reported based on the classification of the asset or liability to which it relates.

Explanation: Deferred income tax is a balance sheet item which can either be a liability or an asset as it is a difference resulting from recognition of income between the accounting records of the company and the tax law because of which the income tax payable by the company is not equal to the total expense of tax reported.

Generally, the classification of a deferred tax account as current or noncurrent hinges on the classification of the asset or liability that gave rise to it. Any deferred tax account not arising from a specific asset or liability is classified as current or noncurrent based on its expected reversal date.

You might be interested in
If you need points here
RideAnS [48]

Answer:

Thank you

Explanation:

I also need brainliests to level up, can you help with that please?

6 0
3 years ago
Read 2 more answers
Do you think the DREAM Act would have been an effective approach to the immigration issue? Explain your answer
stellarik [79]
The DREAM Act would permit certain immigrant students who have grown up in the U.S. to apply for temporary legal status and to eventually obtain permanent legal status and become eligible for U.S. citizenship if they go to college or serve in the U.S. military
4 0
3 years ago
Read 2 more answers
Scott really enjoys working with money, including making it grow. He is also a natural leader and would enjoy working with and l
guapka [62]

Answer:

The Finance Cluster and the Business, Management, and Administration Cluster

Explanation:

3 0
3 years ago
PLS HELP How does the Constitution limit democracy?
katovenus [111]

Answer:

All constitutional democracies use separation of powers as an important means of limiting the exercise of political power. This separation is typically among legislative, executive, and judicial functions. This was to keep any one power from gaining too much power.

Explanation:

8 0
3 years ago
Rule number one for handling an emergency is
SpyIntel [72]
First off answer D is logical but is expected however just by remaining calm doesn’t mean you’ll handle the situation so in order to actually handle a situation you call 911 obviously. Trick question, completely unspecified.
6 0
3 years ago
Read 2 more answers
Other questions:
  • _____ is a legal term that describes where a certain institution, such as a court or a government branch or office, is allowed t
    11·1 answer
  • During pre-start, the mirror check may involve
    13·2 answers
  • What type of speech does the First Amendment not protect?a. Only defamationb. Only obscenityc. Only commercial speechd. Defamati
    13·1 answer
  • The government can take your property for
    12·2 answers
  • Eduardo Gomez is a 52 year old [changed from 52-year-old] farm worker who cannot read. He has a wife and two children. Gomez was
    9·1 answer
  • You are working to design a map each area you are designing will take up to 10 hours to make how many hours will it take you to
    15·1 answer
  • Explaining the job of the specialization of wild land firefighting that you have chosen make sure you cite sources
    7·1 answer
  • What is Plain View? Explain
    9·2 answers
  • What factors are used to determine probable cause?
    14·1 answer
  • Explain the ways a citizen can participate in the affairs of their country​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!