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Basic Question 19 of 20

The IFRS framework requires deferred tax assets and liabilities to be classified as ______.

A. current
B. noncurrent
C. current or noncurrent, based on the classification of the related non-tax asset or liability for financial reporting

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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

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.