What is a deferred income tax?
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Works at the International Seabed Authority, Lives in Kingston, Jamaica.
A deferred income tax is a liability recorded on the balance sheet that results from a difference in income recognition between tax laws and accounting methods. For this reason, the income tax payable for a company may not equate to the total tax expense reported.
2023-05-09 23:44:34
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Ethan Cook
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A deferred income tax is a liability recorded on the balance sheet that results from a difference in income recognition between tax laws and accounting methods. For this reason, the income tax payable for a company may not equate to the total tax expense reported.
