Why deferred tax rate assets and liabilities are recorded in balance sheet?

What is a valuation allowance for deferred tax assets?  Provide two reasons why the valuation allowance would be reversed.

Which option is the correct definition of tax base? Select one: a. Tax base is the amount the asset or liability is recorded at in the accounting records. b. Tax base is a comparing the balance sheet derived using accounting rules with balance sheet that would be derived from taxation rules c. Tax base is the recognition of assets and liabilities in the balance sheet based on the differences between accounting and tax values of assets and liabilities. d. Tax base is defined as the amount that is attributed to an asset or liability for tax purposes.

Discuss to what extent deferred tax accounting can be used for income smoothing.

why is income tax expense shown in the income statement different from the income tax paid shown in the cash flow statement?

Explain deferred tax assets.

0 How are deferred tax assets and deferred tax liabilities reported in a classified balance sheet?

Explain the items of gross income and how to tax them: whether at gross or at net, further determining whether it is subject to final taxation or regular income taxation.

Do the liabilities and assets that are generated by using the 'balance sheet method' of accounting for tax appear to be consistent with the definition and recognition criteria of assets and liabilities promulgated within the Conceptual Framework?

Why is the income tax payable not the same as income tax expense?