Criteria Used by an Entity to Assess the Probability That

question 40

Multiple Choice

Criteria used by an entity to assess the probability that taxable profit will be available against which unused tax losses can be utilised include:

• A) Whether the unused tax losses result from identifiable causes which are unlikely to recur.
• B) Whether it is probable that the entity will have taxable profits before the unused tax losses expire.
• C) Whether permission has been received from the Australian Taxation Office to carry forward tax losses.
• D) All of the given answers
• E) Whether the unused tax losses result from identifiable causes which are unlikely to recur and whether it is probable that the entity will have taxable profits before the unused tax losses expire.

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Definitions:

Self-Change

A process in which individuals attempt to alter their behaviors, thoughts, or emotions through self-directed strategies without professional intervention.

Social Anxiety

A chronic mental health condition characterized by intense fear or anxiety in social situations, leading to avoidance or distress.

Distinctive Aspect

A unique or characteristic feature that differentiates something or someone from others.

Classical Conditioning

A learning process through which associations are made between a natural stimulus and a neutral stimulus to elicit a behavior.