Which of the following is false?
Under IFRS, all potential liabilities must be recognized.
Under IFRS, all deferred tax assets and liabilities are classified as non-current.
Under GAAP, deferred taxes are reported based on the classification of the asset or liability to which it relates.
Under GAAP, the enacted tax rate is used to measure deferred tax assets and liabilities.
Answers: 2
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Which of the following is false?
Under IFRS, all potential liabilities must be recognize...
Under IFRS, all potential liabilities must be recognize...
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