Income tax payable is a liability reported for financial accounting purposes. It shows the amount that an organization expects to pay in income taxes within 12 months. It is reported in the current liabilities section on a company's balance sheet.应交所得税是出于财务会计目的报告的负债，表示公司...
Income tax payable is a liability reported for financial accounting purposes. It shows the amount that an organization expects to pay in income taxes within 12 months. It is reported in the current liabilities section on a company's balance sheet. 应交所得税是出于财务会计目的报告的负债,表示公司...
"Income Tax Payable" is a type of account in the current liabilities section of a company's balance sheet. This account is comprised of taxes that must be paid to the government within one year. Income tax payable is calculated according to the prevailing tax law in the company'...
Tax payable method is based on the assumption that income tax expense in a company "s financial statements is not equal merely to the current tax liability but is also a function of the company's deferred tax liabilities and assets.Answer:5.Carrying amount is the amount that is attributed to...
If the corporation also owes state, local, or foreign income taxes, its balance sheet will reflect those liabilities as well. What Does the Term "Income Tax Payable" Mean? “Income tax payable” is a financial accounting term for the current liability reported on an organization’s balance she...
Current capital employediscurrentassets, presented before assets held for sale, less accounts payable, other financial liabilitiesandincome tax payable. glencore.com glencore.com 已動用流動資本指流動資產,即持作銷售資產減應付賬款、其他金融負債及應付所得稅。
Tax will become payable on the surplus when the asset is sold and so the temporary difference is taxable. Since the revaluation surplus has been recognised within equity, to comply with matching, the tax charge on the surplus is also charged to equity. Suppose that in Example 1...
Which of the following is not a current liability? a. Sales tax payable. b. Payroll taxes payable. c. Unearned revenues. d. Allowance for doubtful accounts. Current Liabilities: Current liabilities are used in calculat...
Answer to: The sales tax payable account is reported in the current liability section under Stockholders' Equity and Assets until the tax is paid...
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