Deferred Tax Assets Arise as a Result of Tax Losses

question 36

True/False

Deferred tax assets arise as a result of tax losses.In the UK losses incurred in previous years can always be carried forward to offset taxable income derived in future years.

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Definitions:

Factor Weighting Model

A decision-making model used to evaluate multiple alternatives based on various criteria, assigning different weights to each factor based on its importance.

Subjectivity

The influence of personal feelings, tastes, or opinions in decision-making or perception.