Which of the Following Statements Is Correct with Respect to AASB

Which of the following statements is correct with respect to AASB 112 Income Taxes when the government increase tax rates?

A) The entity applies a prospective application to deferred tax assets and deferred tax liabilities initially recognised subsequent to the announcement of the tax change.
B) Expense is recognised if the entity has deferred tax liabilities only.
C) Income is recognised if the entity has deferred tax liabilities only.
D) Expense is recognised if the entity has deferred tax assets only.