H. Compare a companies deferred tax items Flashcards Preview

L1 31 Income Taxes > H. Compare a companies deferred tax items > Flashcards

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Q

Analyxing deferrd tax item disclosures

A

DTL and DTA temp. diffs are reported on the BS - changes in those BS accts reflt in income tax expense on the income statement
Common ex’s of temp differences you may enocounter.

From accel. depr
impairments
Restructuring
choice of inv. cost flow method
psot-employment benefits and deferred compenstion
Available for sale marketable securities