My learnings last meeting are as follows
1.) The difference between accounting income and taxable income
2.) Permanent differences does not give rise to deferred tax asset/ liability
3.)Recognition of tax asset / liability
4.) I realized that chapter 16 is about accounting for corporations that is why the rate is always 30%
5.) The difference between intraperiod and interperiod tax allocation
Something to share:
1.) I think that group quiz is more effective because it encourages students to ask questions
2.) I like how the class is being handled, we are learning a lot without so much pressure. Thank you ma’am!
Josh 