Write 'T' if the statement is true and 'F' if the statement is false 22) AASB 112 provides that a deferred tax liability must not be recognised for any taxable temporary difference arising from the initial recognition of goodwill. 23) AASB 112 para. 34 states that a deferred tax asset arising from carrying forward unused tax losses must be recognised to the extent that it is probable that future taxable profits will be available, against which the unused tax losses can be used. 24) Taxable temporary differences lead to the recognition of deferred tax liabilities 25) Accounting profit is based on applying the various accounting rules as determined by the accounting standards, the conceptual framework and generally accepted accounting principles 26) A temporary difference is the difference between the carrying amount of an asset or liability in a statement of financial position and its tax base. 27) The tax base for a liability is calculated as the Carrying amount minus Any further deductible amount for tax