Question

Permanent differences between taxable income and pre-tax accounting income affect: interperiod income tax allocation. neither interperiod nor intraperiod income tax allocation. intraperiod income tax allocation. both interperiod and intraperiod income tax allocation.

Answer 1

neither interperiod nor intraperiod income tax allocation

Step-by-step explanation:

The permanent difference that occured between the taxable income and the pre-tax accounting income should not impact the allocation of an income tax with respect to the interperiod or intraperiod

So as per the given situation, the above statement should be considered right

And, the same should be relevant