Is there a difference between the tax charge and the results of applying the tax rate of the accounting profits?
A) There is no difference,the results are the same.
B) There is a difference,which is caused by the different recognition and measurement rules of tax legislation and accounting GAAP.
C) There is a difference,which is caused by changing tax rates
D) There is a difference,which is caused by changing economic conditions
Correct Answer:
Verified
Q1: The amount of tax charged against the
Q2: When all assets are accounted for together,the
Q3: Which tax rate should be used to
Q4: How is the amount to be
Q5: IAS 12 has remained unchanged since its
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