The rationale for interperiod income tax allocation is to A recognize a distribution of earnings to the taxing agency

The rationale for interperiod income tax allocation is to
A recognize a distribution of earnings to the taxing agency.
B adjust income tax expense on the income statement to be in agreement with income taxes payable on the balance sheet.
C recognize a tax asset or liability for the tax consequences of temporary differences that exist at the balance sheet date.
D reconcile the tax consequences of permanent and temporary differences appearing on the current year's financial statements.

Acc/423 Acc423 Intermediate financial accounting iii final exam
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