- 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 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
Correct Answer: C
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? |