Interperiod income tax allocation causes
a. tax expense shown on the income statement to equal the amount of income taxes payable for the current year plus or minus the change in the deferred tax asset or liability balances for the year
b. tax expense shown in the income statement to bear a normal relations to the tax liability
c. tax liability shown in the balance sheet to bear a normal relation to the income before tax reported in the income statement
d. tax expense in the income statement to be presented with the specific revenues causing the tax
Answer: a. tax expense shown on the income statement to equal the amount of income taxes payable for the current year plus or minus the change in the deferred tax asset or liability balances for the year
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