Which of the following statements most accurately
Which of the following statements most accurately describes a valuation allowance for deferred taxes? A valuation allowance is required under:
A.IFRS on revaluation of capital assets.
B.U.S.GAAP if there is doubt about whether a deferred tax asset will be recovered.
C.both IFRS and U.S.GAAP on tax differences arising from the translation of foreign operations.
参考解答
459***973
2024-10-16 09:10:09
Ans:B.
A valuation allowance is required under U.S.GAAP if there is doubt about whether a deferred tax asset will be recovered.Under IFRS the deferred tax asset is written down directly.
相似问题
At the beginning of the year a company purchased a
At the beginning of the year a company purchased a fixed asset for $500,000 with no expected residual value The company dep
A financial analyst would classify deferred tax li
A financial analyst would classify deferred tax liabilities as equity (versus a liability) when:A the deferred tax liabilities
Which of the following statements regarding deferr
Which of the following statements regarding deferred taxes is least accurate?A A permanent difference is a difference between
Company Y has provided the following information f
Company Y has provided the following information from its current year financial statements and tax return Company Y’s fixe
A company incurred and capitalized €2 million of d
A company incurred and capitalized €2 million of development costs during the year These costs were fully deductible immediat
