[单选题]

In the current year, a company increased its deferred tax asset by $500,000. During the year, the company most likely:

A.Became entitled to a $500,000 tax refund.

B.Reported a lower accounting profit than taxable income.

C.Had permanent differences between accounting profit and taxable income.

参考答案与解析:

相关试题

A company reported deferred tax liabilities of $500,000 and deferred tax assets of $350,000. If tax

[单选题]A company reported deferred tax liabilities of $500,000 and deferred tax as

  • 查看答案
  • At the beginning of the year, a company purchased a fixed asset for $500,000 with no expected residu

    [单选题]At the beginning of the year, a company purchased a fixed asset for $500,00

  • 查看答案
  • At the beginning of the year a company purchased a fixed asset for $500,000 with no expected residua

    [单选题]At the beginning of the year a company purchased a fixed asset for $500,000

  • 查看答案
  • If a company has a deferred tax asset reported on its statement of financial position and the tax au

    [单选题]If a company has a deferred tax asset reported on its statement of financia

  • 查看答案
  • The following information for the current year is available for a company that prepares its financia

    [单选题]The following information for the current year is available for a company t

  • 查看答案
  • The following information for the current year is available for a company that prepares its financia

    [单选题]The following information for the current year is available for a company t

  • 查看答案
  • An analyst is reviewing a company with a large deferred tax asset on its balance sheet. She has dete

    [单选题]An analyst is reviewing a company with a large deferred tax asset on its ba

  • 查看答案
  • In its first year of operations, a firm produces taxable income of-$10,000. The prevailing tax rate

    [单选题]In its first year of operations, a firm produces taxable income of-$10,000.

  • 查看答案
  • At the beginning of the year, Parent Company purchased all 500,000 shares of Sub Incorporated for $1

    [单选题]At the beginning of the year, Parent Company purchased all 500,000 shares o

  • 查看答案
  • A company incurs the following costs related to its inventory during the year:<br /><img bo

    [单选题]A company incurs the following costs related to its inventory during the ye

  • 查看答案
  • In the current year, a company increased its deferred tax asset by $500,000. During the year, the co