The "current income tax expense or benefit" always represents just the taxes paid or refunded in the current year.
The current income tax expense also includes additions and subtractions to the company's uncertain tax benefits and adjustments for prior year returns.

Question

Quizplus · Accepted Answer

The statement is incorrect. The current income tax expense or benefit includes not only the taxes paid or refunded in the current year but also adjustments for prior year returns and changes in the company's uncertain tax benefits.

The "Current Income Tax Expense or Benefit" Always Represents Just