Which of the Following Is True About Intra-Period Tax Allocation

question 88

Multiple Choice

Which of the following is true about intra-period tax allocation?

• A) It arises because certain revenue and expense items appear in the income statement either before or after they are included in the tax return.
• B) It is required to report the cumulative effect of accounting changes but not for discontinued operations.
• C) Its purpose is to allocate income tax expense evenly over a number of accounting periods.
• D) Its purpose is to relate the income tax expense to the items which affect the amount of tax.

---

Definitions:

Range

The gap between the maximum and minimum numbers within a dataset.

College Student

An individual who is enrolled in and attending courses at a college or university.

Interquartile Range

A measure of variability, calculated as the difference between the upper and lower quartiles, indicating the spread of the middle 50% of the dataset.

Range

The difference between the highest and lowest values in a dataset, providing a measure of the overall spread.