The income tax footnote to the financial statements of Cucumber, Inc. for the year ending December 31, 2016 is as follows.
A. How much income tax expense is reported in Cucumber, Inc.'s income statement for 2016?
B. How much of the income tax expense is payable in cash in 2016?
C. Provide an example to explain how the deferred tax expenses could be positive in 2016?

Question

The income tax footnote to the financial statements of Cucumber, Inc. for the year ending December 31, 2016 is as follows.
  A. How much income tax expense is reported in Cucumber, Inc.'s income statement for 2016?
B. How much of the income tax expense is payable in cash in 2016?
C. Provide an example to explain how the deferred tax expenses could be positive in 2016?

Quizplus · Accepted Answer

The Answer of The income tax footnote to the financial statements of Cucumber, Inc. for the year ending December 31, 2016 is as follows.
  A. How much income tax expense is reported in Cucumber, Inc.'s income statement for 2016?
B. How much of the income tax expense is payable in cash in 2016?
C. Provide an example to explain how the deferred tax expenses could be positive in 2016?

The Income Tax Footnote to the Financial Statements of Cucumber