Choose the Best Statement with Respect to Tax Rates

Choose the best statement with respect to tax rates.

A) The current tax rate should be used to record a deferred income tax asset or liability.
B) The tax rate used to record a deferred income tax asset or liability should be the enacted tax rate at the beginning of the year.
C) The projected tax rate should be used to record a deferred income tax asset or liability.
D) Once recorded, the deferred income tax asset must be maintained at a rate expected to be in effect when the carry forward is utilized.