The Lack of Relevance to Users of Financial Statements Is

question 16

Multiple Choice

The lack of relevance to users of financial statements is seen as:

• A) an advantage of the statement of financial position approach to income tax allocation
• B) a criticism of the statement of financial position approach to income tax allocation
• C) a detriment when conducting empirical research on tax-effect accounting
• D) necessary in an attempt to avoid transparency in financial reporting