The "current income tax expense or benefit" always represents just the taxes paid or refunded in the current year.

Name: The "current income tax expense or benefit" always represents just the taxes paid or refunded in the current year.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The "current income tax expense or benefit" represents the taxes paid or refunded in the current year as well as any adjustments to prior years' taxes. Therefore, it may not always represent just the taxes paid or refunded in the current year.

The "Current Income Tax Expense or Benefit" Always Represents Just