The Criteria for Recognising a Deferred Tax Asset Is

question 43

Multiple Choice

The criteria for recognising a deferred tax asset is:

• A) That it should be fully recognised if it is probable that future taxable amounts within the entity will be available against which the deductible temporary differences can be utilised.
• B) That it should be recognised if it is possible that future taxable amounts within the entity will be available against which the deductible temporary differences can be utilised.
• C) That it should be recognised to the extent, and only to the extent, that it is possible that future taxable amounts within the entity will be available against which the deductible temporary differences can be utilised.
• D) That it should be recognised to the extent, and only to the extent, that it is probable that future taxable amounts within the entity will be available against which the deductible temporary differences can be utilised.
• E) None of the given answers.

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Definitions:

Follower Characteristics

Traits or attributes of individuals who support and are influenced by leaders, affecting the dynamics of the leadership process.

Task Structure

The clarity and predictability of the goals, procedures, and roles associated with a specific task.

Authority System

A structured framework within an organization that defines levels of authority and responsibility, guiding decision-making processes and hierarchical relationships.

Path-Goal Leadership Theory

A theory that suggests a leader's behavior is contingent to the satisfaction, motivation, and performance of their subordinates.