Future income tax obligations should be reported on which of the following?
A) A corporation's income tax return.
B) A corporation's statement of ﬁnancial position.
C) A corporation's income statement.
D) Statement of changes in equity.

Question

Quizplus · Accepted Answer

Future income tax obligations are reported on a corporation's statement of financial position (balance sheet) as they represent future financial responsibilities that impact the company's financial position.

Future Income Tax Obligations Should Be Reported on Which of the Following