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

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