Which of the following items is not included in the income tax footnote for a publicly traded company?
A) Rate reconciliation.
B) Analysis of deferred tax assets and liabilities.
C) Breakdown of income tax between foreign and domestic.
D) Breakdown of income tax among U.S. states.
E) Analysis of total tax expense components.

Question

Quizplus · Accepted Answer

The income tax footnote for a publicly traded company typically includes rate reconciliation, analysis of deferred tax assets and liabilities, a breakdown of income tax between foreign and domestic, and an analysis of total tax expense components. However, a detailed breakdown of income tax among U.S. states is not a standard requirement for inclusion in the income tax footnote.

Which of the Following Items Is Not Included in the Income