Future Income Tax Obligations Should Be Reported on Which of the Following

question 77

Multiple Choice

Future income tax obligations should be reported on which of the following?

• A) Statement of changes in equity.
• B) A corporation's statement of financial position.
• C) A corporation's income statement.
• D) A corporation's income tax return.

---

Definitions:

IQ Score

A measure of a person's intelligence as indicated by an intelligence test, normalized so that the average score within an age group is 100.

Average IQ

A statistical measure that represents a person's cognitive abilities in relation to the population average, with the population average set at a score of 100.

Broad Average

A general or wide-ranging statistical measure that represents the typical value of a set of numbers or quantities.

IQ Score

An IQ score is a standardized measure of human intelligence and cognitive abilities, based on a series of tests that compare individual performance to age-group norms.