Which of the Following Is False Regarding Accounting for Deferred

question 102

Multiple Choice

Which of the following is false regarding accounting for deferred taxes under IFRS?

• A) A deferred tax liability is classified as current or noncurrent based on the classification of the asset or liability to which it relates.
• B) A deferred tax asset is recognized up to the amount that is probable to be realized.
• C) Tax effects of certain items are recognized in equity.
• D) The rate used to compute deferred taxes is either the enacted tax rate, or a substantially enacted tax rate (virtually certain).

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Definitions:

Necessary Work

Essential tasks or duties required to achieve objectives or maintain operations within an organization or system.

Member Skills

The abilities or competencies possessed by individuals within a group or team, contributing to the group's overall effectiveness or performance.

Work Together

Collaboration or teamwork, where individuals or groups combine efforts, skills, and resources to achieve a common goal.

Interrelated Roles

Positions or functions within a group or organization that are connected and dependent on each other to achieve collective objectives.