Question

All companies want to defer income taxes True or False True False

Answer 1

The above said statement is True.

Explanation:

As you know that defer Income tax is a liability for a company and every company would like/want to pay their liability in future instead of today (Because of Time Value of Money) Therefore every company want to defer their income tax. However if there is any company who don't like/want any liability in their books or want to be clear always then they don't might want to defer their Income tax.

But almost every company want to defer their income tax (liability).

I hope this clear your doubt.

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