Describe full tax expense on income statement


a) Can you provide a specific example of revenue which might result in the temporary difference?

b) Describe why do you believe its significant to illustrate the full tax expense on income statement even though company is paying taxes to IRS in a different amount? Explain what accounting principle is this based upon?

c) Why might the company overpay their income taxes?

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Business Management: Describe full tax expense on income statement
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