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Basic Question 12 of 13
Which of the following would result in expected reversals of timing differences not occurring?
II. A firm that has been growing
III. Changes in accounting methods
I. A rise in price levels
II. A firm that has been growing
III. Changes in accounting methods
User Contributed Comments 3
| User | Comment |
|---|---|
| kalps | a) Rise in price leves b) A firm that has been growing c) changes in accounting methods Can cause a deferred tax asset or liability to grow and not reverse. Larger differences are put into the account then taken out, and account thus continues to grow. |
| Masterkang | Ay Ay Ay Kalps can summarize! |
| poomie83 | I wouldnt call that a summary |
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.