Are deferred tax liabilities Debt?
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Studied at the University of Melbourne, Lives in Melbourne, Australia.
Because of accrual accounting rules, a company may be able to defer taxes on some of its income. This "unrealized" tax debt is put into an account on the balance sheet called deferred tax liability. ... As the name implies, DTL is on the liability side of the books, along with other long-term debt obligations.
2023-05-08 23:43:51
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Carter Smith
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Because of accrual accounting rules, a company may be able to defer taxes on some of its income. This "unrealized" tax debt is put into an account on the balance sheet called deferred tax liability. ... As the name implies, DTL is on the liability side of the books, along with other long-term debt obligations.