Why should I choose AnalystNotes?
AnalystNotes specializes in helping candidates pass. Period.
Basic Question 2 of 14
Deferred income taxes payable are shown on the balance sheet at discounted present value. True or False?
User Contributed Comments 2
| User | Comment |
|---|---|
| sarath | For the deferred tax payables the time value of money is ignored and they are shown on the balance sheet as HISTORICAL amounts. |
| johntan1979 | Deferred taxes payable = DTL (deferred taxes liabilities) Deferred taxes receivable = DTA |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
calculate the tax base of a company's assets and liabilities;
evaluate the impact of tax rate changes on a company's financial statements and ratios;
CFA® 2024 Level I Curriculum, Volume 3, Module 24.