Notes to the financial statements provide additional information about income tax expense and deferred tax assets and deferred tax liabilities.Firms report which of the following?

Question

Quizplus · Accepted Answer

Notes to the financial statements provide additional information about various aspects of income tax, including the components of income before income taxes, components of income tax expense, reconciliation from statutory to effective tax rate, and components of deferred tax assets and liabilities. Therefore, all of the choices listed are included in the notes to financial statements.

Notes to the Financial Statements Provide Additional Information About Income