1. What is intra-period tax allocation?
2. What is inter-period tax allocation?
3. Why are there differences between pre-tax accounting income and taxable income?
4. What are permanent differences?
5. What are temporary differences?
6. What type of differences give rise to income tax allocation?
7. What is the deferred method, or viewpoint, concerning tax allocation?
8. What is the asset/liability method, or viewpoint, concerning tax allocation?
9. What is the net-of-tax method, or viewpoint, concerning tax allocation?
10. Compare the comprhensive and the partial allocation viewpoints concerning tax allocation.
11. What are the objectives of inter-period tax allocation?
12. When should a deferred tax asset be reduced by a valuation allowance?
13. Should deferred tax liabilities be discounted to present value?
14. What are the rules for balance sheet presentation of deferred income taxes?

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