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
Nina attends many seminars. She wants to improve her listening skills. What advice will you give her?
Elena-2011 [213]

Answer:

B

Explanation:

7 0
3 years ago
Read 2 more answers
Thời kì nào chưa có nhà nước
Reika [66]
Um I don’t understand what this is
3 0
3 years ago
How might the case of Gideon v. Wainwright affect the work of a prosecutor?
zhannawk [14.2K]

Answer:

b. Prosecutors need to watch the details guaranteed by the Sixth Amendment, such as ensuring a speedy trial, impartial jury, informed of accusation, etc.

6 0
2 years ago
If you start feel sleepy when driving you what should you do?
irina [24]
Go to the nearest rest stop.
4 0
3 years ago
Over the past one hundred years business cycles have become more severe.<br> True or false
Alex777 [14]
<h2>TRUE</h2>

Some economists suggest they are, while others suggest it's the other way around: Longer expansions lead to more severe recessions. ... The most recent US business cycle has been remarkable in both its recession and expansion phases.

A business cycle represents fluctuations in the economy around full-employment output, but an economy's full-employment output, often called potential GDP, can also change. It grows over time due to population growth, growth in the economy's capital stock, and technological change.

3 0
2 years ago
Read 2 more answers
Other questions:
  • Which illustrates the proper outline for a judge's opinion on a case?
    11·1 answer
  • A convenience store has been robbed late at night. The cashier has been found shot behind the counter. Video surveillance of the
    11·1 answer
  • If the family’s net monthly income is $7,800, what percent of the income is spent on food, clothing, and housing? 50% 59% 60% 61
    12·1 answer
  • 2. Relatively few drivers are touched by the
    14·1 answer
  • If a formal complaint is filed against a mortgage lender under the Mortgage Brokers, Lenders, and Servicers Licensing Act, the l
    6·1 answer
  • Where do the people who work for local candidates come from?
    10·1 answer
  • The US Constitution Scavenger Hunt
    12·2 answers
  • Who determines what the Vice President will do?
    9·1 answer
  • What’s the worst punishment 12yr. can get if he drinks underage? (by the way i do nit refer to me as the 12yr, just asking p.s.
    12·2 answers
  • How do it get through to customer service number
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!