CFA Practice Question

There are 520 practice questions for this study session.

CFA Practice Question

Deferred income taxes payable are shown on the balance sheet at discounted present value. True or False?
Correct Answer: False

Deferred taxes payable are valued on the balance sheet at the undiscounted, historical amount. The time value of money is ignored.

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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