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Basic Question 2 of 15

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
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Edward Liu

Edward Liu

Learning Outcome Statements

explain how deferred tax liabilities and assets are created and the factors that determine how a company's deferred tax liabilities and assets should be treated for the purposes of financial analysis

CFA® 2026 Level I Curriculum, Volume 3, Module 9.