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Under comprehensive allocation, the income tax reported in an accounting period is affected for a few temporary differences. True O False Question 12 6 pts
Under comprehensive allocation, the income tax reported in an accounting period is affected for a few temporary differences. True O False Question 12 6 pts The deferred tax account balance is reported in the balance sheet as a deferred tax credit or a deferred tax charge. True False D Question 13 6 pts The FASB determined that deferred tax liabilities and deferred tax assets do not meet the definition of liabilities and assets found in SFAC No. 6. O True False D Question 14 6 pts With respect to the return on plan assets, and while permitting both, the FASB favors the expected return versus the actual return. True O False
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