Intraperiod tax allocation
A)is applied to each income statement item to provide creditors and investors a better indication of the company's true revenues and expenses.
B)is a method of allocating income taxes over multiple accounting periods.
C)is applied only to revenues since expenses are not taxed.
D)is applied to net income from continuing operations.

Question

Quizplus · Accepted Answer

The Answer of Intraperiod tax allocation
A)is applied to each income statement item to provide creditors and investors a better indication of the company's true revenues and expenses.
B)is a method of allocating income taxes over multiple accounting periods.
C)is applied only to revenues since expenses are not taxed.
D)is applied to net income from continuing operations.

Intraperiod Tax Allocation