Deferred taxes were viewed as liabilities under APB Opinion No. 11.
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Q9: Consistency appears to dictate that neither tax
Q10: Timing differences are now referred to as
Q11: In partial tax allocation, resulting credits are
Q12: Tax allocation is made necessary by the
Q13: The tax liability would be greater than
Q15: Under comprehensive allocation, the tax liability is
Q16: Intraperiod and intrastatement allocation both refer to
Q17: The income tax law of 1913 established
Q18: The most important application of income tax
Q19: Amounts recognized as revenue on the financial
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