Balance sheet values are calculated using compound interest present value) calculations for all of the following except
A) bonds payable.
B) long-term notes receivable.
C) long-term lease liabilities.
D) deferred income taxes.

Question

Quizplus · Accepted Answer

Deferred income taxes are not calculated using compound interest present value calculations; they are based on differences between accounting and tax bases of assets and liabilities.

Balance Sheet Values Are Calculated Using Compound Interest Present Value)