Which of the Following Is a Characteristic of Deferred Income

question 64

Multiple Choice

Which of the following is a 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.

---

Definitions:

DNA-Run Computers

Theoretical or experimental computers that use DNA and molecular biology processes instead of traditional silicon-based computing technologies.

Personal Moral Philosophy

An individual's set of beliefs and principles about what is right and wrong, guiding their behavior and decisions.

Abatement

A reduction, decrease, or the lessening in severity or intensity of a legal action, amount, or property value, often related to tax or rent.

Purchase Agreement

A legal document between a buyer and seller outlining the terms and conditions of a transaction or sale of goods, property, or services.