AFP
CTP · Question #475
(Topic 5) If a company uses accrual accounting, deferred taxes are reported on which financial statement?
The correct answer is B. Balance sheet. See the full explanation below for the reasoning.
Question
- (Topic 5)
If a company uses accrual accounting, deferred taxes are reported on which financial statement?
Options
- AStatement of cash flows
- BBalance sheet
- CIncome statement
- DStatement of changes in retained earnings
How the community answered
(24 responses)- A4% (1)
- B79% (19)
- C4% (1)
- D13% (3)
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