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Basic Question 18 of 20
____ the discounting of deferred taxes.
B. IFRS permits but U.S. GAAP does not permit
C. Neither U.S. GAAP nor IFRS permits
A. U.S. GAAP permits but IFRS does not permit
B. IFRS permits but U.S. GAAP does not permit
C. Neither U.S. GAAP nor IFRS permits
User Contributed Comments 1
| User | Comment |
|---|---|
| nicholaslb | the previous LOS says DTL should be discounted at an appropriate interest rate and the difference goes to equity. What is the difference with this question? |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
explain how deferred tax liabilities and assets are created and the factors that determine how a company's deferred tax liabilities and assets should be treated for the purposes of financial analysis
CFA® 2024 Level I Curriculum, Volume 3, Module 9.