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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 am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
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.