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What statement regarding the tax provision is NOT correct? a. The tax provision includes the income tax expense associated with pretax income reported on the
What statement regarding the tax provision is NOT correct?
a. | The tax provision includes the income tax expense associated with pretax income reported on the income statement. | |
b. | The tax provision is the amount of income tax payable on the current year income tax return. | |
c. | The tax provision includes the current year taxes payable and the changes to future income taxes payable as a result of differences between book and tax accounting. | |
d. | The provision is the combination of the current tax expense and the deferred tax expense. |
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