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:

Non-Possessory Easement

A right granted to use another’s property for a specific purpose without owning it.

Sublease

An arrangement where the original tenant leases part or all of the leased premises to another tenant, while still retaining some responsibilities under the original lease.

Commercial Tenants

Businesses or individuals that lease or rent commercial property or space from a landlord for business purposes.

Lease Agreement

A contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset for a specified time period.