CFA Practice Question

There are 520 practice questions for this study session.

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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