Total Liabilities vs Accumulated Retained Earnings Deficit
Deferred Income Tax is recorded on Visa Inc balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Visa books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt
, [DEFERREDREV], Trade and Non Trade Payables
, and Tax Liabilities
Accumulated Retained Earnings Deficit
A component of Shareholders Equity
representing the cumulative amount of the entities undistributed earnings or deficit. May only be reported annually by certain companies, rather than quarterly.