{"id":11846,"date":"2020-08-15T08:30:00","date_gmt":"2020-08-15T12:30:00","guid":{"rendered":"https:\/\/einvestingforbeginners.com\/?p=11846"},"modified":"2023-05-18T23:47:58","modified_gmt":"2023-05-19T03:47:58","slug":"deferred-income-tax-liabilities-10k","status":"publish","type":"post","link":"https:\/\/einvestingforbeginners.com\/deferred-income-tax-liabilities-10k\/","title":{"rendered":"Deferred Income Tax Liabilities Explained (Real-Life Example in a 10-k)"},"content":{"rendered":"\n
Deferred income taxes in a company\u2019s consolidated balance sheet and cash flow statement is an easy concept in principle, but when deferred income tax liabilities (or assets) change from year to year, that\u2019s where it can get more confusing.<\/p>\n\n\n\n
The reason for deferred income tax liabilities and assets in the first place is because of the basics of GAAP accounting<\/a>\u2014meaning that sometimes accounting on a GAAP basis doesn\u2019t match the actual cash transactions.<\/p>\n\n\n\n Said more simply, GAAP accounting isn\u2019t always the same as business accounting.<\/p>\n\n\n