单选题 Which of the following statements is TRUE? Income tax expense: A. includes taxes payable and deferred income tax expense. B. and income tax paid are similar. C. is the reported net of deferred tax assets and liabilities.

【正确答案】 A

【答案解析】
Income tax expense is defined as expense resulting from current period pretax income. It includes taxes payable and deferred income tax expense. Income tax paid is the actual cash flow for income taxes, including payments or refunds for other years and may differ from income tax expense. Taxes payable are the amount of taxes due the government.