Under IAS 12 Incomes Taxes, Deferred Tax Assets and Liabilities

question 9

Multiple Choice

Under IAS 12 Incomes Taxes, deferred tax assets and liabilities are measured at the tax rates that:

• A) applied at the beginning of the reporting period;
• B) at the end of the reporting period;
• C) at the rates that prevail at the reporting date;
• D) are expected to apply when the asset is realised or the liability is settled.

---

Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values deviate from the mean.

Guessing

The act of answering or making a prediction without sufficient information or knowledge, often based on intuition.

Questions Correctly

An assessment metric that counts the number of questions a test-taker answers correctly, often used to gauge understanding or proficiency.

Left Handed

Referring to individuals who primarily use their left hand for tasks such as writing and eating; often considered in studies of brain function and development.