Deferred tax under IAS 12 can best be described as: A. Tax bills due after more than
Question:
Deferred tax under IAS 12 can best be described as:
A. Tax bills due after more than one year.
B. Amounts only likely to be paid when the company ceases to operate.
C. Tax implied by asset and liability valuations in the balance sheet.
D. Tax implied by the revenues and expenses in the income statement.
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Related Book For 
Financial Accounting An International Introduction
ISBN: 9781292102993
6th Edition
Authors: David Alexander, Christopher Nobe
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