Interperiod tax allocation refers to the deferral and allocation of income tax expense to future periods while intraperiod tax allocation refers to the process of splitting up income tax expense across the different income statement categories.

Question

Quizplus · Accepted Answer

Interperiod tax allocation involves the deferral of income tax expense to future periods, while intraperiod tax allocation involves the allocation of income tax expense across the different income statement categories within the same period.

Interperiod Tax Allocation Refers to the Deferral and Allocation of Income