Under AASB 112 the Following Is True

question 3

Multiple Choice

Under AASB 112 the following is true:

• A)taxable temporary difference produce deferred tax assets and deductible temporary differences produce deferred tax liabilities
• B)taxable temporary difference produce deferred tax liabilities and deductible temporary differences produce deferred tax assets
• C)carry forward tax losses produce deferred tax liabilities
• D)income tax is treated as an expropriation of profits not as an expense.

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Definitions:

Obsessive-Compulsive Disorder

A mental disorder characterized by intrusive thoughts that produce uneasiness, apprehension, and compulsive behaviors aimed at reducing the anxiety.

Low Sexual Desire

A decrease in the normal level of sexual interest or appetite.

Body Fluids

Liquids originating from inside the bodies of living organisms that carry nutrients, oxygen, and wastes, including but not limited to blood, saliva, semen, and lymph.

Sexual Response Cycle

The sequence of physical and emotional changes that occur as a person becomes sexually aroused and participates in sexually stimulating activities.