Under AASB 112 the Following Is True

Under AASB 112 the following is true:

A) taxable temporary difference produce deferred tax assets and deductible temporary differences produce deferred tax liabilities
B) taxable temporary difference produce deferred tax liabilities and deductible temporary differences produce deferred tax assets
C) carry forward tax losses produce deferred tax liabilities
D) income tax is treated as an expropriation of profits not as an expense.