In Addition to Recognizing Income Tax Expense, the Accounting Necessary

Multiple Choice

In addition to recognizing income tax expense, the accounting necessary to record income taxes requires

A) a credit to income tax payable based on net income times the tax rate.
B) a debit to the income tax expense account for the amount of cash that must be paid for taxes.
C) computations of the amounts to record in the deferred income tax account.
D) all companies to report taxable income on the income statement