Which Statement Is True

question 27

Multiple Choice

Which statement is true?

• A)IAS 12 states the following: Deferred tax assets and liabilities shall be discounted.
• B)Enterprises are expected to keep very detailed scheduling of the timing of the reversal of each temporary difference.
• C)To permit, but not require discounting would result in deferred tax assets and liabilities which would be comparable between entities.
• D)The rationale for not discounting is based on considerations of costs and benefits as well as comparability among enterprises.

---

Definitions:

Ideology

A system of ideas and ideals, especially one that forms the basis of economic or political theory and policy.

Gender Stratification

The hierarchical distribution of social and economic resources according to gender.

Institutional Sexism

Discrimination based on gender that is entrenched in the policies, laws, and practices of organizations and institutions, leading to inequality.

Matriarchal Structure

A social organizational form where women hold positions of power, authority, and social importance.