CFA Practice Question

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CFA Practice Question

Under the liability method of accounting for deferred taxes, if the tax rate falls, the deferred tax liabilities ______, tax expense ______, and income ______.

A. fall; decreases; increases
B. fall; decreases; decreases
C. rise; increases; increases
Correct Answer: A

User Contributed Comments 6

User Comment
airborne Hope we will get questions like these for the exam
jerylewis i doubt it!
moneyguy These help boost the confidence level!
gill15 1 for 9 so far. I even read the text for this section. No idea whats going on.
Shaan23 I agree with GIll. Got this question. Read the text as well
farhan92 @gill would be a good time to brush up on the probability stuff to figure out how you're going to do on the tax section :D
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