Which tax rate should be used to calculate the deferred tax amount?
A) The tax rate applying when the timing difference originated
B) The tax rate applying when the tax will become payable
C) Either a or b is acceptable
D) The tax rate current at the date of accounting
Correct Answer:
Verified
Q1: The amount of tax charged against the
Q2: When all assets are accounted for together,the
Q4: How is the amount to be
Q5: IAS 12 has remained unchanged since its
Q6: Is there a difference between the tax
Q7: The amount of tax payable by a
Q8: Taxes payable is a better measure of
Q9: Which presumption does IAS 12 make about
Q10: What are the two exceptions to the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents