Which of the Following Statements Was Not Made in ARB

question 3

Multiple Choice

Which of the following statements was not made in ARB 43?

• A)Income taxes are an expense that should be allocated as other expenses are allocated.
• B)Income taxes should be allocated to income and other accounts as other expenses are allocated.
• C)The income statement should reflect tax expense properly allocable to the income included in the income statement for the year.
• D)Tax expense should equal the amount of tax payable based on taxable income for the year.