[单选题]

An analyst is reviewing a company with a large deferred tax asset on its balance sheet. She has determined that the firm has had cumulative losses for the last three years and has a reduced prices. Which of the following adjustments should the analyst make to account for the deferred tax assets?

A.Record a deferred tax liability to offset the effect of the deferred tax asset on the firm's balance sheet.

B.Recognize a valuation allowance to reflect the fact that the deferred tax asset is unlikely to be realized.

C.Do nothing.The difference between taxable and pretax income that caused the deferred tax asset is likely to reverse in the future.

If a company has a deferred tax asset reported on its statement of financial position and the tax au: [单选题]If a company has a deferred tax asset reported on its statement of financia

查看答案

An increase in the tax rate causes the balance sheet value of a deferred tax asset to:: [单选题]An increase in the tax rate causes the balance sheet value of a deferred ta

查看答案

An analyst is comparing a firm to its competitors. The firm has a deferred tax liability that result: [单选题]An analyst is comparing a firm to its competitors. The firm has a deferred

查看答案

In the current year, a company increased its deferred tax asset by $500,000. During the year, the co: [单选题]In the current year, a company increased its deferred tax asset by $500,000

查看答案

Graphics, Inc. has a deferred tax asset of $4,000,000 on its books. As of December 31, it is probabl: [单选题]Graphics, Inc. has a deferred tax asset of $4,000,000 on its books. As of D

查看答案

Manigault Industries currently has assets on its balance sheet of $200 million that are financed wit: [单选题]Manigault Industries currently has assets on its balance sheet of $200 mill

查看答案

An analyst has made three observations in his worksheets about a company that he is reviewing. Which: [单选题]An analyst has made three observations in his worksheets about a company th

查看答案

A company reported deferred tax liabilities of $500,000 and deferred tax assets of $350,000. If tax: [单选题]A company reported deferred tax liabilities of $500,000 and deferred tax as

查看答案

An analyst determines that a company has a return on equity of 16% and pays 40% of its earnings in d: [单选题]An analyst determines that a company has a return on equity of 16% and pays

查看答案

The category of items on the balance sheet that typically offers an analyst the best information on: [单选题]The category of items on the balance sheet that typically offers an analyst

查看答案