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March 18, 2026The Accounting Review

Deferred Tax Credits Are Liabilities.

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Authors

JSJ. E. SandsUniversity of Toronto

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Implication

Analysis shows differences between taxable and reported income, highlighting implications for corporations.

Key Points

  • The aim is to clarify the relationship between deferred tax credits and liabilities in corporate financial reporting.
  • Analyzed the distinctions between taxable income and reported income.
  • Classified differences into permanent and timing differences.
  • Examined the implications of tax assessments in financial reporting.
  • Identified that taxable income often differs from reported income due to various considerations.
  • Outlined how deferred tax credits can be categorized as liabilities.
  • Confirmed that timing differences balance over the corporate lifetime.

Cite This Study

J. E. Sands (1959) studied this question.

synapsesocial.com/papers/69ba43884e9516ffd37a4cf2https://doi.org/10.2308/tar-7057883
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1DEFERRED INCOME TAX LIABILITY.1958
  2. 2ACCOUNTING PRINCIPLES AND TAXABLE INCOME.1962
  3. 3An Analytical Basis for the Treatment of Corporate Income Tax.1988
  4. 4INCOME TAXES IN FINANCIAL STATEMENTS.1957
  5. 5THE INVESTMENT CREDIT, 'DEFERRED INCOME TAXES' AND ACCOUNTING MEASUREMENT.1964