Major reasons for disclosure of deferred income tax information is (are)

Name: Major reasons for disclosure of deferred income tax information is (are)
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

Major reasons for the disclosure of deferred income tax information include all three options listed in the answer choices. It helps in the better assessment of the quality of earnings, predicting future cash flows, and predicting future cash flows for operating loss carryforwards. Hence, all the answer choices are correct.

Major Reasons for Disclosure of Deferred Income Tax Information Is