- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 9. Analysis of Income Taxes
- Subject 2. Deferred Tax Assets and Liabilities
CFA Practice Question
______ the creation of a deferred tax asset arising from negative goodwill.
B. Both IFRS and GAAP allow
C. GAAP allows but IFRS does not allow
A. IFRS allows but GAAP does not allow
B. Both IFRS and GAAP allow
C. GAAP allows but IFRS does not allow
Correct Answer: C
User Contributed Comments 3
| User | Comment |
|---|---|
| zriddle | IFRS = Deferred tax asset from negative goodwill. GAAP = not allowed |
| X212250 | No^ |
| Freddie33 | Lol either you or the answer is wrong @zriddle |