Question
Why is rate-change remeasurement recorded when enacted, not when effective?
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Answer
ASC 740 uses enacted rates for measurement.
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Question
How is a deferred tax asset or liability measured?
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Answer
Temporary difference times the enacted future tax rate.
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Question
What is the default deferred tax treatment of equity-method undistributed earnings?
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Answer
A deferred tax liability.
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Question
If an uncertain tax position fails recognition, what is recorded?
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Answer
A liability for unrecognized tax benefits.
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