- 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 IFRS framework requires deferred tax assets and liabilities to be classified as ______.
B. noncurrent
C. current or noncurrent, based on the classification of the related non-tax asset or liability for financial reporting
A. current
B. noncurrent
C. current or noncurrent, based on the classification of the related non-tax asset or liability for financial reporting
Correct Answer: B
U.S. GAAP requires C.
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