Reading 37: Income Taxes - LOS j ～ Q1 style, white, assets, between, difference

mayanfang1

Q1. One major difference between the presentation of deferred tax assets and liabilities under IFRS and under U.S. GAAP is that:

A)   a valuation allowance is presented only under U.S. GAAP.

B)   all deferred tax assets and liabilities are classified as noncurrent under IFRS.

C)   under IFRS deferred tax assets and liabilities are not adjusted for changes in the the firm’s actual tax rate.

fififiona

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petitemango

11

khaipinglai

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jc1188

d

chrisyikhei

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Campuskiller

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