A Result of Inter-Period Tax Allocation Is That

question 85

Multiple Choice

A result of inter-period tax allocation is that:

• A) Large fluctuations in a company's tax liability are eliminated.
• B) The income tax expense is allocated among the income statement items that caused the expense.
• C) The income tax expense in the income statement is the sum of the income taxes payable for the year and the changes in deferred tax asset or liability balances for the year.
• D) The income tax expense shown in the income statement is equal to the deferred taxes for the year.

---

Definitions:

Individualistic Orientations

Cultural or personal predispositions favoring independence, self-expression, and valuing the self over group goals.

Self-Concept

An individual's understanding and evaluation of their own behaviors, attributes, and attitudes, forming a self-image.

Cultural Orientations

The collective attitudes, values, goals, and practices that characterizes an organization or group.

Theory Of Mind

A cognitive ability to understand that other people have their own thoughts, feelings, and perspectives, distinct from one's own.