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Commerce & Accounting General 2 years ago
Posted on 16 Aug 2022, this text provides information on General related to Commerce & Accounting. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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what is deferred tax assets ?
The deferred tax liability represents a future taxpayment a company is expected to make to appropriate tax authorities in the future, and it is calculated as the company's anticipated tax rate times the difference between its taxable income and accounting earnings before taxes
A deferred tax asset is an asset on a company's balance sheet that may be used to reduce its taxable income.
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