Under IFRS

question 12

Multiple Choice

Under IFRS

• A)"probable" is defined as a level of likelihood of at least slightly more than 60%.
• B)a company should reduce a deferred tax asset when it's likely that some or all of it will not be recognized.
• C)a company considers only positive evidence when determining whether to recognize a deferred tax asset.
• D)deferred tax assets must be evaluated at the end of each accounting period.

---

Definitions:

Clone Genotypes

Replicating the genetic makeup of an organism to create a genetic duplicate, leading to individuals with identical genotypes.

Heterozygote Advantage

Occurs when selection favors heterozygote individuals over either the dominant homozygote or the recessive homozygote.

Sickle-Cell Anemia

A genetic blood disorder caused by the presence of an abnormal form of hemoglobin, leading to distorted (sickle-shaped) red blood cells.

Hardy-Weinberg Equation

The Hardy-Weinberg Equation is a mathematical formula used to predict the genetic variation and allele frequencies within a non-evolving population, assuming no mutation, selection, or migration.