One Objective of Interperiod Tax Allocation Is to

One objective of interperiod tax allocation is to

A) recognize the tax effects in the accounting period when the transactions and events are recognized for financial reporting purposes.
B) recognize a distribution of earnings to the shareholders.
C) reconcile the tax consequences of permanent and reversible differences appearing on the current year's financial statements.
D) adjust income tax expense on the income statement to be in agreement with income taxes payable on the SFP.