Firms recognize deferred tax assets only to the extent that they expect to generate sufficient taxable income to realize the assets in the form of tax savings in the future. IFRS requires that firms recognize the _____of deferred tax assets, with explanatory disclosures
a. expected realizable amount
b. present value of the amount
c. future value of the amount
d. negotiated value of the amount
e. liquidation value of the amount
A
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Journalize the following transaction for a merchandiser that uses the perpetual inventory system. Received returned goods from a customer, $1,000 (cost, $740). The goods were sold on account. Omit explanation.
What will be an ideal response?
Which of the following is TRUE of how employees respond to ethical issues and moral dilemmas?
a. The higher an employee is in the hierarchy, the more morally compromised the employee is likely to be. b. Employees are more likely to report issues of high moral intensity. c. Employees who lack moral courage will report if the right reporting systems are in place. d. The higher an employee is in the hierarchy, the less likely the employee is to report misconduct.
Always select graphics that _________________________
a. are available online b. contain at least three colors c. are appropriate for your topic d. have been published before
A normal distribution with a mean of 0 and a standard deviation of 1 is called
A. a probability density function. B. uniform probability distribution. C. a standard normal distribution. D. exponential probability distribution.