Accounting standards require disclosure of the amount of:

Question

Quizplus · Accepted Answer

All of the options listed are required disclosures under accounting standards. Deferred tax expense or revenue related to changes in tax rates or laws and any adjustments for current tax of prior reporting periods are required disclosures under International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Current tax expense or revenue is also required under both standards. Therefore, the best choice is D.

Accounting Standards Require Disclosure of the Amount Of