Explain me what is a deferred tax asset and why might one be created?
Submitted by: MuhammadDeferred tax asset arises when a company actually pays more in taxes to the IRS than they show as an expense on their income statement in a reporting period.
Differences in revenue recognition, expense recognition (such as warranty expense), and net operating losses (NOLs) can create deferred tax assets.
Submitted by: Muhammad
Differences in revenue recognition, expense recognition (such as warranty expense), and net operating losses (NOLs) can create deferred tax assets.
Submitted by: Muhammad
Read Online Income Tax Expert Job Interview Questions And Answers
Top Income Tax Expert Questions
☺ | Please explain what is working capital? |
☺ | Explain me what is a deferred tax asset and why might one be created? |
☺ | Do you know what is share capital? |
☺ | Do you know what are limited liability companies? What are its two types? |
☺ | Explain me what are adjustment entries? Why are they passed? |
Top Financial Account Categories
☺ | CFO Interview Questions. |
☺ | Billing Specialist Interview Questions. |
☺ | Financial Controller Interview Questions. |
☺ | Hedge Fund Trader Interview Questions. |
☺ | Budget Analyst Interview Questions. |