Accounting MCQ Accounting Chapter 19 Tax rates other than the current tax rate may be used to calculate the deferred income tax amount on the balance sheet ifTax rates other than the current tax rate may be used to calculate the deferred income tax amount on the balance sheet if

Tax rates other than the current tax rate may be used to calculate the deferred income tax amount on the balance sheet ifTax rates other than the current tax rate may be used to calculate the deferred income tax amount on the balance sheet if

Naim 14:33 Accounting Chapter 19

Tax rates other than the current tax rate may be used to calculate the deferred income tax amount on the balance sheet if

a. it is probable that a future tax rate change will occur.
b. it appears likely that a future tax rate will be greater than the current tax rate.
c. the future tax rates have been enacted into law.
d. it appears likely that a future tax rate will be less than the current tax rate.

Answer: the future tax rates have been enacted into law

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Accounting MCQ

Tax rates other than the current tax rate may be used to calculate the deferred income tax amount on the balance sheet ifTax rates other than the current tax rate may be used to calculate the deferred income tax amount on the balance sheet if

Tax rates other than the current tax rate may be used to calculate the deferred income tax amount on the balance sheet if

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