The Purpose of an Interperiod Income Tax Allocation Is to

The purpose of an interperiod income tax allocation is to

A) allow reporting entities to fully utilize tax losses carried forward from a previous year.
B) allow reporting entities whose tax liabilities vary significantly from year to year to smooth payments to taxing agencies.
C) recognize an asset or liability for the tax consequences of temporary differences that exist at the balance sheet date.
D) amortize the deferred tax liability shown on the balance sheet.