The rationale for interperiod income tax allocation is to

a. recognize a tax asset or liability for the tax consequences of temporary differences that exist at the balance sheet date
b. recognize a distribution of earnings to the taxing agency
c. reconcile the tax consequences of permanent and temporary differences appearing on the current year's financial statements
d. adjust income tax expense on the income statement to be in agreement with income taxes payable on the balance sheet.

Ans: a. recognize a tax asset or liability for the tax consequences of temporary differences that exist at the balance sheet date