Income and Expenses – NBC Institute

CR – May 2018 – L3 – SC – Q5a – Regulatory Environment for Corporate Reporting

Distinguishes deferred tax perspectives in financial statements.

Question

Deferred tax can be determined by adopting two perspectives that may result in different numbers in the financial statements and tax computations. These are statement of comprehensive income and statement of financial position perspectives.

Required:

Distinguish between the TWO perspectives of identifying deferred tax balances in the financial statements.
(4 Marks)

Answer

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Tags: Assets and liabilities, Deferred Tax, Financial Statements, Income and Expenses
Level: Level 3

Topic: Regulatory Environment for Corporate Reporting
Series: MAY 2018

Question Tag: Income and Expenses

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CR – May 2018 – L3 – SC – Q5a – Regulatory Environment for Corporate Reporting

Distinguishes deferred tax perspectives in financial statements.

CR – May 2018 – L3 – SC – Q5a – Regulatory Environment for Corporate Reporting

Distinguishes deferred tax perspectives in financial statements.

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Question Tag: Income and Expenses

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CR – May 2018 – L3 – SC – Q5a – Regulatory Environment for Corporate Reporting

Distinguishes deferred tax perspectives in financial statements.

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CR – May 2018 – L3 – SC – Q5a – Regulatory Environment for Corporate Reporting

Distinguishes deferred tax perspectives in financial statements.

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