menu
Sign up

What Is One Reason to Use the Taxes Payable Method? A)it

Question 9
Multiple Choice

What is one reason to use the taxes payable method? A)It is a complicated method,but results in the least tax expense. B)A company only pays tax once a year under this method. C)It results in the best matching for the balance sheet. D)It is the least costly method for tax accounting.

Related questions
Q 10
How much tax would be reported under the taxes payable method for F2018? A)25,500 B)31,500 C)33,750 D)36,000
Q 11
Which statement is accurate? A)Accounting income is generally higher than taxable income. B)Accounting income is determined by financial reporting. C)The balance sheet is unaffected by the tax accounting method. D)The taxes payable method is a "tax allocation" approach.
Q 12
Which statement best describes the "deferral method"? A)This method focuses on the balance sheet. B)This method is an example of a "tax allocation" approach. C)This is the same as the "accrual method" of tax accounting. D)This method is used by companies reporting using IFRS.
logo
© 2020-2021 Cozyplus FZ LLC. All rights reserved