Deferred Income Tax Assets and Liabilities must be presented as non-current under IFRS.

Name: Deferred Income Tax Assets and Liabilities must be presented as non-current under IFRS.
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Quizplus · Accepted Answer

According to IAS 1, Deferred Income Tax Assets and Liabilities should be presented as non-current in the balance sheet, unless they relate to items that are classified as current. Therefore, Deferred Income Tax Assets and Liabilities should not be presented as current on the balance sheet under IFRS.

Deferred Income Tax Assets and Liabilities Must Be Presented as Non-Current