A result of intraperiod tax allocation is that: A) Large fluctuations in a company's tax liability are
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Question:
A result of intraperiod tax allocation is that:
A)
Large fluctuations in a company's tax liability are eliminated.
B)
Current year income tax expense is allocated among the income statement items that caused the expense.
C)
Higher taxes occur in the future.
D)
Income tax expense in the income statement equals taxes actually paid.
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