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The Interperiod Tax Allocation Method That Is Balance-Sheet Oriented, Reports

Question 39

Multiple Choice

The interperiod tax allocation method that is balance-sheet oriented, reports deferred taxes based on the future enacted tax rates, and more closely meets the conceptual definitions of assets and liabilities established by the FASB is the


A) deferred method
B) net-of-tax method
C) partial income tax allocation approach
D) asset/liability method

Correct Answer:

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