Which Statement Is Correct About the "Taxes Payable Method

question 7

Multiple Choice

Which statement is correct about the "taxes payable method"?

• A)It is the accounting method used under both ASPE and IFRS.
• B)It records an amount for income tax equal to the tax payments required.
• C)It matches income with the associated income tax expense.
• D)It records an amount for income tax equal to the net income before tax.

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