Accounting MCQ Accounting Chapter 19 A company uses the equity method to account for an investment for financial reporting purposes. This would result in what type of difference and in what type of deferred income tax?

A company uses the equity method to account for an investment for financial reporting purposes. This would result in what type of difference and in what type of deferred income tax?

Naim 14:31 Accounting Chapter 19

A company uses the equity method to account for an investment for financial reporting purposes. This would result in what type of difference and in what type of deferred income tax?

Type of Difference Deferred Tax

a. Permanent Asset
b. Permanent Liability
c. Temporary Asset
d. Temporary Liability

Answer: Temporary Liability

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Accounting MCQ

A company uses the equity method to account for an investment for financial reporting purposes. This would result in what type of difference and in what type of deferred income tax?

A company uses the equity method to account for an investment for financial reporting purposes. This would result in what type of difference and in what type of deferred income tax?

Learn More :

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