Take a closer look at our local economy or a
October 17, 2021
Compose 400 words or more discussion to respond the following:
October 17, 2021

Discuss the difference between an income tax expense and an

 

  • Discuss the difference between an income tax expense and an income tax payable, demonstrating an understanding of the difference between GAAP and tax reporting. Identify three temporary differences and discuss how the deferred tax asset or deferred tax liability is recorded and consumed. Identify three permanent differences and discuss the reporting of permanent differences.