What is a deferred tax asset and why might one be created?

What is a deferred tax asset and why might one be created?
pooja Trainee Asked on November 1, 2014 in Business and Finance.
Add Comment
1 Answer(s)

Deferred tax asset arises when a company actually pays more in taxes to the IRS than they show as an expense on their income statement in a reporting period.

linkremoval Trainee Answered on November 1, 2014.
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.