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.

---

Definitions:

Resources Requirements

The specific needs for materials, human capital, and financial assets necessary to carry out an operation or project.

Demographic Impacts

The effects that changes in the demographic profile of a population have on various societal elements, including the workforce, economy, and consumer trends.

Human Resources

The department within an organization that is responsible for all aspects of managing the employer-employee relationship, including recruitment, training, performance management, and ensuring compliance with employment laws.

Advances in Technology

Refers to the progress and improvements in technological tools, systems, and methodologies that enhance productivity, efficiency, and innovation.