Deferred Income Tax Liability - How is Deferred Income Tax Liability abbreviated?
DITL (redirected from Deferred Income Tax Liability)
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References in periodicals archive
Reasons: The deferred income tax liability
for the book and income tax basis difference in goodwill and trademarks as a result of an acquisition had been incorrectly offset against deferred income tax assets in considering the size of the required valuation allowance.
Even when a couple prefers not to sell an asset, CPAs nevertheless calculate the deferred income tax liability
for the asset as if it were going to be sold.
The debit to the deferred income tax liability
results from the decrease in the temporary difference.
This temporary difference causes a deferred income tax liability
to be recorded.