Deferred Tax Liability Explained. CPA Exam 

sir here taxable income is = 115000(300000 - 185000)

BEST LECTURES FOR CPA SURELY APPRICIATE THE UPLODE OF SUCH VEDIOS ...GREATFULL

Sir Taxable income will be (300,000 - 185000) = 115,000 Journal Income tax exp 60,000 dr Income Taxes payable 23,000 cr Deferred tax Liability Cr 37,000

Hi, how did you get 105.000. Isn't 300.000 - 185.000 = 115.000? I might be wrong tho

Since the accounts are prepared on accrual basis, it is assumed that that the accounts receivables would have been recognized as revenue in the year 20X1. Which of course will have been part of the $300,000 income. Will it not be double taxes if we decide to treat it as deferred tax and then add it up to the tax expenses for the year?

why the sum of taxable amount is temporary difference?

Sir I am facing problems with authoritative literature questions, my resource provider has a different software for research SIM and there is different in the exam. Can u please provide me with the research SIM software? Can I find it on your website?