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Deferred taxes are classified and reported under both current and long-term liabilities, but looking at the disclosure note that accompanies the statement, p.96, it shows that the totals reported under these two categories include current and long-term deferred assets as well.
"Connect." <i>Deferred Tax Assets</i>. N.p., n.d. Web. 7 Nov. 2013. <http://connect.mcgraw-hill.com/sites/0077328787/student_view0/ebook/chapter16/chbody1/deferred_tax_assets.htm>.
"Deferred Tax Liability." <i>Investopedia</i>. N.p., n.d. Web. 7 Nov. 2013. <http://www.investopedia.com/terms/d/deferredtaxliability.asp>.
"Tax rate." <i>Wikipedia</i>. Wikimedia Foundation, 31 Oct. 2013. Web. 7 Nov. 2013. <http://en.wikipedia.org/wiki/Tax_rate>.
According to Kroger Co.’s 2011 Consolidated Statement of Operations (located on p. 84 of their Annual Report) the recorded income tax expense for the year is $247 million.
Deferred tax assets are taxes to be saved in the future deductible amounts reduce taxable income when the temporary differences reverse.
Deferred tax liabilities are the result of temporary differences between the company's accounting and tax carrying values, the anticipated and enacted income tax rate, and estimated taxes payable for the current year.
Like most corporations, Kroger has significant deferred tax assets and liabilities.