An entity discloses the following statements in its financial statements as of 31 December 20X1. Which statement is NOT a disclosure requirement(s) under IAS 12?

The amount (and expiry date, if any) of deductible temporary differences, unused tax losses, and unused tax credits for which no deferred tax asset is recognized in the statement of financial position.

The aggregate amount of temporary differences associated with investments in subsidiaries, branches, associates, and joint arrangements, for which no deferred tax liabilities have been recognized. A numerical reconciliation between accounting profit and taxable income.

A numerical reconciliation between tax expense and the product of accounting profit multiplied by the applicable tax rate(s); or a numerical reconciliation between the average effective tax rate and the applicable tax rate(s).

Answer rating: 100% (QA)

The amount and expiry date if any of deductible temporary differences unused tax losses and unused t... View the full answer