CFA Practice Question

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CFA Practice Question

______ the creation of a deferred tax asset arising from negative goodwill.

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
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