The IASB Believes That the Asset-Liability Method Is the Most

The IASB believes that the asset-liability method is the most consistent method for accounting for income taxes.Basic principles of this method include
I.A current tax liability or asset is recognized for the estimated taxes payable or refundable on the tax return for the current year.
II.A deferred tax liability or asset is recognized for the estimated future tax effects attributable to temporary differences and carryforwards.
III.The measurement of current and deferred tax liabilities and assets, is based on provisions of the enacted tax law.
IV.The measurement of deferred tax assets is reduced, if necessary, by the amount of any tax benefits that, based on available evidence, are not expected to be realized.

A) I, II and only.
B) II and III only.
C) I, II, and IV only.
D) I, II, III and IV.