AuthorTopic: if any one could verify this basic question (taxes)
@2008-10-19 11:58:02
this is taken from SS10 A (taxes). e) basic question 8 of 8...

"In the absense of temporary differences, there should be no difference between income tax expense and income tax payable. Trus or false."

The answer was true, but isn't it false? Any permanent differences
will perpetually result in a different number between the two, no?
I noticed that no one really posts questions on the forum, but thought I would anyways. Can you tell I'm not an accountant? :)

CFA Discussion Topic: if any one could verify this basic question (taxes)

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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!