Using the information in the Surfing the Standards Case 1, now assume that Multinational ­Corporation ( Multinational) is an IFRS reporter.

Required
a. Obtain and review the measurement guidance related to anticipated future tax credits in International Accounting Standard 12, “ Income Taxes.”
b. Review and discuss the general rules for this type of transaction using IFRS.
c. Provide the necessary journal entries for 2015 and 2016 under IFRS.