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Basic Question 18 of 20
____ the discounting of deferred taxes.
B. IFRS permits but U.S. GAAP does not permit
C. Neither U.S. GAAP nor IFRS permits
A. U.S. GAAP permits but IFRS does not permit
B. IFRS permits but U.S. GAAP does not permit
C. Neither U.S. GAAP nor IFRS permits
User Contributed Comments 1
| User | Comment |
|---|---|
| nicholaslb | the previous LOS says DTL should be discounted at an appropriate interest rate and the difference goes to equity. What is the difference with this question? |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
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® 2024 Level I Curriculum, Volume 3, Module 9.