Which of the Following Is Characteristic of Deferred Income Tax

question 93

Multiple Choice

Which of the following is characteristic of deferred income tax payable?

• A)Deferred income tax payable is often generated due to timing differences.
• B)Deferred income tax payable may be either a current or long-term liability
• C)Deferred income tax payable represents the deferred payment of taxes to later years through tax planning techniques.
• D)All of these are characteristics of deferred income tax payable.

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Definitions:

Adrenal Medullary Hormones

Hormones secreted by the inner part of the adrenal glands, including adrenaline and noradrenaline, which play a role in the body's stress response.

Sympathetic Nervous System

A branch of the autonomic nervous system that activates what is often termed the fight or flight response, preparing the body for action.

Aldosterone

A steroid hormone secreted by the adrenal cortex that regulates salt and water balances in the body, influencing blood pressure.

Hypokalemia

A condition characterized by lower than normal levels of potassium in the bloodstream.