What Are the Two Exceptions to the Recognition of Deferred

question 9

Multiple Choice

What are the two exceptions to the recognition of deferred tax liabilities for all taxable temporary differences?

• A)The initial recognition of an asset which affects neither profit or loss and is not a business combination; the initial recognition of an asset which has been inherited
• B)The initial recognition of goodwill; the initial recognition of an asset which is required for response to an emergency
• C)The initial recognition of an asset which is required as a response to an emergency; the initial recognition of an asset which affects neither profit or loss and is not a business combination
• D)The initial recognition of goodwill; the initial recognition of an asset which affects neither profit nor loss and is not a business combination.