CFA Practice Question

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CFA Practice Question

____ the discounting of deferred taxes.

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?
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