At 31 December 2019, the statement of financial position of M&M Lid had a foreign caurenoy koen f FC10o 0" repayable in three years. During the year ended 31 December 2019, the AUD equivalento he trergn cuersy loan decreased from $200,000 to $180,000. 3 points Save Answer Gains or losses on foreign currency loans are included in the determination of taxable proft in hle penod when the loan is settled. The tax rate is 30 per cent. Assume that for the purposes of statement of financial position presentation, defered tax assels and delened lax liabilities are netted off against each other At 31 December 2019, in relation to the above liabiliies, M&M Lld would recognise which one othe olowing ions in their statement of financial position? Deferred tax liability of $20 000 Deferred tax liability of $6 000 Deferred tax asset of $6 000 Deferred tax asset of $20 000