Assess whether the following statement is true or false: A deferred tax liability is recognized when tax payments are deferred, indicating that the tax has been accounted for but not yet paid. It arises from deductible temporary differences and may include unused tax losses and credits.TrueFalse

What is the basis for calculating deferred tax using enacted and substantively enacted tax rates?A$.$ Calculating deferred tax by applying expected tax rates to the current period's taxable profits, similar to current tax principles.B$.$ Estimating future tax liabilities without considering current taxable profitsC. Using a standard tax rate regardless of the taxable income for the period.D$.$ Applying tax rates from previous years to historical taxable profits