What Is the Criteria for the Recognition of a Deferred

question 12

Multiple Choice

What is the criteria for the recognition of a deferred tax asset (DTA) associated with a tax loss?

• A)it is probable that there will be sufficient future taxable profits against which to offset the loss
• B)it absolutely certain there will be sufficient future taxable profits against which to offset the loss
• C)AASB 112 prohibits recognition of DTAs for tax losses
• D)it is probable beyond any reasonable doubt there will be sufficient future taxable profits against which to offset the loss

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Definitions:

Are You Ready To Change

A question that probes an individual's or organization's readiness to undergo transformation or adaptation.

Research Data

Information collected or generated as part of scientific investigations, studies, or experiments, which forms the basis for analysis and conclusions.

Mean

The average value in a set of numbers, calculated by dividing the sum of the numbers by the quantity of numbers.

Scale

A system of ordered marks at fixed intervals used as a reference standard in measurement.