Which of the following is not true regarding the tax note to the financial statements?

A) The tax note is never required to include any information on foreign tax rate implications.
B) The tax note can explain how foreign tax rates affect income tax expense.
C) The tax note can describe how financial reporting differs from tax accounting.
D) The tax note can describe how tax disputes may affect future tax payments.

Question

13-06-2024
Business

Answered

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Which of the following is not true regarding the tax note to the financial statements?

A) The tax note is never required to include any information on foreign tax rate implications.
B) The tax note can explain how foreign tax rates affect income tax expense.
C) The tax note can describe how financial reporting differs from tax accounting.
D) The tax note can describe how tax disputes may affect future tax payments.

Sagot :

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