If a Company Uses the Taxes Payable Method of Calculating

question 98

Multiple Choice

If a company uses the taxes payable method of calculating income tax expense, which of the following statements would be true?

• A)The income tax expense would be equal to the income taxes payable.
• B)The income tax expense would be greater than the income taxes payable.
• C)The income tax expense would be less than the income taxes payable.
• D)The current income tax expense would be equal to the future income tax expense.