|
- UID
- 223309
- 帖子
- 216
- 主题
- 107
- 注册时间
- 2011-7-11
- 最后登录
- 2013-10-12
|
It must be a Schweser question, but let me explain why A and B can't be the answer.
A: Possible expenses are never accrued unless they are probable. The likelihood of a current year expense is still to vague and uncertain. It's like saying, somebody out there might submit a claim -- it's possible, a contingency -- but we have no real confidence as to when or how much. On the other hand, if we have empirical evidence suggesting that X% of sales will probably result in expense, we can estimate the current liability.
B: This is a future event, so B cannot be right either.
C: Estimated income taxes is a poor word choice -- it really should be taxes payable, because the term "estimated" can mean quarterly estimated tax payments, or an estimated tax accrual. Using the latter definition, C would be correct.
- Robert |
|
发表于 2011-7-11 15:29
| 