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Basic Question 10 of 13
Deductible temporary differences result in a deferred tax ______ when the carrying amount of a liability is ______ than its tax base.
B. asset; less
C. liability; more
A. asset; more
B. asset; less
C. liability; more
User Contributed Comments 4
| User | Comment |
|---|---|
| boddunah | liability is key word. |
| cleopatraliao | should be B, shouldnt it?? |
| cleopatraliao | sorry my bad its the carrying amt of a liability not asset!;P |
| farhan92 | liability shoots the sheriff and becomes an asset |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
explain how deferred tax liabilities and assets are created and the factors that determine how a company's deferred tax liabilities and assets should be treated for the purposes of financial analysis
CFA® 2025 Level I Curriculum, Volume 3, Module 9.