The taxes payable method results in better matching than does the comprehensive allocation method.

Name: The taxes payable method results in better matching than does the comprehensive allocation method.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The comprehensive allocation method provides a better matching of tax expense with accounting income over the periods because it takes into account future tax consequences of transactions recognized in the current period, whereas the taxes payable method only recognizes current taxes due.

The Taxes Payable Method Results in Better Matching Than Does