According to IAS 12,with one exception,the tax base of a liability is to be determined in the following manner:
Carrying amount - Future deductible amount + Future assessable amount.

Question

According to IAS 12,with one exception,the tax base of a liability is to be determined in the following manner:
 Carrying amount - Future deductible amount + Future assessable amount.

Quizplus · Accepted Answer

According to IAS 12, the tax base of a liability is determined as carrying amount minus the future deductible amount plus the future assessable amount, except for certain cases where the tax base of a liability is determined differently.

According to IAS 12,with One Exception,the Tax Base of a Liability