Comprehensive Allocation Definition | Becker
Accounting Dictionary
Comprehensive Allocation
Under comprehensive (income tax) allocation, interperiod tax allocation is applied to all temporary differences. The liability method requires that either income taxes payable or a deferred tax liability (asset) be recorded for all tax consequences of the current period. See also interperiod tax allocation and temporary difference and permanent difference.
Related Terms:
Interperiod Tax Allocation [FAR]Temporary Difference [FAR]Permanent Difference [FAR]Back to Dictionary