CFA Level I:FSA : Income taxes(Reading 31) 习题精选
1. A firm reported higher deferred tax liabilities than deferred tax assets. Using the liability method of accounting for deferred taxes, a growing firm would expect an increase in the statutory tax rate to result in:
A. Increase equity
B. Decrease equity
C. No change in equity
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Ans: B
the statutory tax rate↑→tax expense↓→net income and retained earnings↓→equity↓
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