Which of the Following Disclosures Are Optional Under IAS 12

question 23

Multiple Choice

Which of the following disclosures are optional under IAS 12?

• A) the major components of income tax expense;
• B) the aggregate current tax or deferred tax that arises relating to items that are charged or credited directly to equity;
• C) the amount of deductible temporary differences and unused tax losses, for which no deferred tax asset is recognised in the statement of financial position;
• D) a numerical reconciliation between the average effective tax rate and the applicable tax rate, disclosing also the basis of calculating the applicable tax rate.

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Definitions:

Harvesting Strategy

A business plan for obtaining the maximum possible benefit from a product, division, or market before it declines.

80-20 Rule

A principle that asserts that 80% of effects come from 20% of causes, often used in business to highlight the importance of focusing on key contributors to revenue or problems.

Market-product Grid

A matrix used to analyze and display the relationship between different markets and the products a company offers.

Statistical Data

Quantitative information collected and analyzed for the purpose of identifying patterns, trends, or insights.