The Value of Deferred Tax Assets and Liabilities Should Be

question 13

True/False

The value of deferred tax assets and liabilities should be measured using the enacted tax rates that will be in existence when the temporary differences reverse.

---

Definitions:

Inductive Argument

A type of reasoning in which the premises seek to supply strong evidence for (not absolute proof of) the truth of the conclusion.

Positive Correlation

The incidence of one event increases when the second one increases.

Occurrence of Events

The happening or taking place of incidents or actions, often considered in terms of their frequency or significance.

Analogies

A form of reasoning or argumentation in which similarities between two different things are drawn to explain or clarify a concept.