At the Date of Acquisition There Is No Recognition of a Deferred

question 11

Multiple Choice

At the date of acquisition there is no recognition of a deferred tax item in respect to goodwill because it is a residual amount and the recognition of a deferred tax item would:

• A) decrease the profit on consolidation.
• B) increase the profit on consolidation.
• C) increase the carrying amount of goodwill.
• D) decrease the carrying amount of goodwill.

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