There Is No Recognition of a Deferred Tax Item in Respect

question 24

Multiple Choice

There is no recognition of a deferred tax item in respect to goodwill because it is a residual amount and the recognition of a deferred tax item would:

• A) decrease the carrying amount of goodwill.
• B) increase the carrying amount of goodwill.
• C) decrease the profit on consolidation.
• D) increase the profit on consolidation.

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Definitions:

Ongoing Motivation

Continued drive or desire to pursue goals or engage in activities over time.

If … Then Model

A cognitive-behavioral framework suggesting that individuals' reactions are conditional responses based on their personality and the specifics of the situation.

Watson's S-R Connection

Refers to John B. Watson's theory in behaviorism emphasizing the stimulus-response (S-R) connection, suggesting that behavior is a result of external stimuli.

Mischel

A psychologist known for his work on personality theory and cognitive-affective systems, suggesting that behavior is influenced more by situational factors than by innate traits.