Scheduled maintenance: Thursday, December 8 from 5PM to 6PM PST
Study sets, textbooks, questions
Upgrade to remove ads
F6 - M6 - Income Taxes: Part 1
Terms in this set (2)
Identify the tax rate used to measure the deferred tax assets and liabilities under US GAAP and IFRS.
the enacted tax rate expected to apply to taxable items (temporary differences) in the periods the taxable item is expected to be paid (liability) or realized (asset).
do NOT allow the examinators to trick you into using the anticipated, proposed, or unsigned tax rate.
how are deferred tax assets and liabilities classified on the BS under US GAAP?
DTAs and DTLs are reported as non-current on the bs. DTAs and DTLs may be netted if the entity has a legally enforceable right to offset current tax assets against current tax liabilities and deferred tax assets and deferred tax liabilities to income taxes levied by the same authorities. DTAs and DTLs are not netted if they are attributable to different tax-paying components of the entity or to different tax jurisdictions
Sets found in the same folder
F6 - M1 - Leases: Part 1
F6 - M2 - Leases: Part 2
F6 - M3 - Derivatives and Hedge Accounting
F6 - M4 - Foreign Currency Accounting
Other sets by this creator
F7 - M5 - statement of cash flows
F7 - M4 - Earnings per share
F7 - M3 - Stock compensation
F7 - M2 - Stockholders' Equity: Part 2
Recommended textbook solutions
Principles of Economics
N. Gregory Mankiw
Century 21 Accounting: General Journal
Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman
Fundamentals of Financial Management, Concise Edition
Eugene F. Brigham, Joel Houston
Human Sexuality Today
Bruce M. King, Pamela Regan
Other Quizlet sets
Art History Test #3
Modelos de relación clínica