Key Differences Between U

question 91

Multiple Choice

Key differences between U.S.GAAP and IFRS regarding deferred taxes include all of the following except

• A)reporting of deferred taxes on the balance sheet.
• B)uncertain tax positions.
• C)reconciliation of statutory and effective tax rates.
• D)use of the asset-liability approach.

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Definitions:

Skills Gap

The difference between the skills required for a job and the skills possessed by the workforce.

Human Capital

The aggregate of talents, insights, and invisible resources owned by people that have the potential to generate economic profit for the workers, their employers, or the community they live in.

Automation

The use of technology and machinery to perform tasks without human intervention, often improving efficiency.

Human Capital

The collective skills, knowledge, and other intangible assets of individuals that can be used to create economic value for themselves, their employers, or their community.