Quality Learning Support For Better Outcomes
First time here? Checkout the FAQs!
MathsGee is Zero-Rated (You do not need data to access) on: Telkom |Dimension Data | Rain | MWEB

1 like 0 dislike
What is a deferred tax asset and why might one be created?
in Accounting by Gold Status (12,919 points) | 13 views

1 Answer

0 like 0 dislike
Best answer

Deferred tax asset arises when a company actually pays more in taxes to the IRS than they show as an expense on their income statement in a reporting period.

  • Differences in revenue recognition, expense recognition (such as warranty expense), and net operating losses (NOLs) can create deferred tax assets.
by Gold Status (12,919 points)

Related questions

1 like 0 dislike
1 answer
0 like 0 dislike
0 answers
asked Feb 1 in Accounting by MathsGee Diamond (80,744 points) | 52 views
0 like 0 dislike
1 answer
asked May 28, 2020 in Mathematics by MathsGee Diamond (80,744 points) | 44 views
0 like 0 dislike
0 answers
0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
asked Sep 24, 2020 in Economics and Finance by CT Diamond (40,336 points) | 26 views
0 like 0 dislike
1 answer

Join the MathsGee Answer Hub community and get study support for success - MathsGee Answer Hub provides answers to subject-specific educational questions for improved outcomes.

On MathsGee Answers, you can:

  1. Ask questions
  2. Answer questions
  3. Comment on Answers
  4. Vote on Questions and Answers
  5. Donate to your favourite users
  6. Create/Take Live Video Lessons

Posting on MathsGee

  1. Remember the human
  2. Behave like you would in real life
  3. Look for the original source of content
  4. Search for duplicates before posting
  5. Read the community's rules
MathsGee Tools

Math Worksheet Generator

Math Algebra Solver

Trigonometry Simulations

Vectors Simulations

Matrix Arithmetic Simulations

Matrix Transformations Simulations

Quadratic Equations Simulations

Probability & Statistics Simulations

PHET Simulations

Visual Statistics

MathsGee ZOOM | eBook