Companies use intraperiod tax allocation for all of the following items except
A) discontinued operations.
B) prior period adjustments.
C) changes in accounting estimates.
D) income from continuing operations.

Question

Quizplus · Accepted Answer

Intraperiod tax allocation is not used for changes in accounting estimates, as these changes do not involve tax effects that need to be allocated within the financial statements.

Companies Use Intraperiod Tax Allocation for All of the Following