A: A deferred tax asset results when pretax income exceeds taxable income.
B: Taxable income is a term used for tax reporting, while pretax income is used with financial reporting.
C: When a deferred tax liability reverses, it means that a cash outflow for taxes is occurring.
举一反三
- A tax loss carry forward is best described as the:（） A: net taxable loss that can be used to refund paid taxes from the previous year. B: difference of deferred tax liabilities and deferred tax assets. C: net taxable loss that can be used to reduce taxable income in the future.
- According to EIT Law, which of the following statements is correct about tax loss-carry-forward? A: tax loss occurs when the calculated taxable income is negative B: tax losses can be carried forward up to 10 years C: 50% of tax losses can be used to offset taxable profits D: an enterprise's worldwide tax losses can be used to offset worldwide profits E: 16.0
- If the tax base of an asset exceeds the asset"s carrying value and a reversal is expected in the future: A: a deferred tax asset is created. B: a deferred tax liability is created. C: neither a deferred tax asset nor a deferred tax liability is created.
- Which of the following items are not deductible when calculating the taxable income of enterprise income tax? A: Late tax payment penalties B: Penalties, fines and losses on confiscated properties C: Capital reserves that have yet been audited and determined D: Foreign exchange losses
- Which of the following taxes is the tax out of the price?( ) A: VAT B: excise tax C: income tax D: tobacco tax
内容
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Which of the following situations is/are possible? A: An enterprise pays a lot of income tax and very little value-added tax B: An enterprise pays a lot of income tax and a lot of value-added tax C: An enterprise pays very little income tax and a lot of value-added tax D: An enterprise pays very little income tax and very little value-added tax
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Which of following tax is the most common tax of China? A: Excise Tax B: Tobacco Tax C: Value Added Tax D: Individual Income Tax
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Identify which of the followingadjustments to after-tax operating income is used to approximate cash income. A: expensing research and development costs B: using LIFO valuation C: deducting interest payable D: using taxes paid rather than tax expense
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雨课堂: Which of following methods is/are used to determine the tax base for taxable pollutants of Environmental Protection Tax ?
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Which are the impacts of higher tax rates on net present value？ A: The tax shield effect of depreciation increase B: The tax shield effect of depreciation decrease C: the income tax increase D: the income tax decrease