Which of the following statements is FALSE（）
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.
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