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Basic Question 20 of 20
______ the creation of a deferred tax asset arising from negative goodwill.
B. Both IFRS and GAAP allow
C. GAAP allows but IFRS does not allow
A. IFRS allows but GAAP does not allow
B. Both IFRS and GAAP allow
C. GAAP allows but IFRS does not allow
User Contributed Comments 3
| User | Comment |
|---|---|
| zriddle | IFRS = Deferred tax asset from negative goodwill. GAAP = not allowed |
| X212250 | No^ |
| Freddie33 | Lol either you or the answer is wrong @zriddle |
You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
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.