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.

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Definitions:

Amphipathic Molecule

A molecule containing both hydrophobic and hydrophilic regions.

Hydrophobic End

The part of a molecule that repels water, often found in molecules like lipids that have both hydrophilic (water-attracting) and hydrophobic (water-repelling) ends.

Hydrophilic End

The part of a molecule that is attracted to water, allowing it to dissolve or interact favorably with water molecules.

Condensation Reaction

A reaction in which two monomers are combined covalently through the removal of the equivalent of a water molecule; also called condensation synthesis. Compare with hydrolysis reaction.