Choose One In which one case below would deferred tax not be recognised? On the impairment of non tax deductible goodwill When tax depreciation is recognised on goodwill that has arisen from a common control transaction involving a business recently acquired from a 3rd party On initial recognition by the issuer of the separate liability & equity components of a convertible preference share where the consideration is allocated to the tax base of the liability Upon revaluation of an asset which a company has no Previous Question intention of selling Choose One Gain or loss on disposal should be recognised on December 31st 2015 Company A signs an unconditional contract to sell a factory on December 31st 2015. The factory will be handed over to the 3rd party on March 31st 2016, when the consideration will be paid. Company A will continue to manufacture until February 28th 2016. Which one statement below describes the correct accounting: Gain or loss on disposal should be recognised on February 2016 Gain or loss on disposal should be recognised on March 31st 2016 No answer Previous