Question Tag: Permanent Differences

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FR – Nov 2023 – L2 – Q5a – Accounting for Income Taxes (IAS 12)

Define deferred tax, permanent differences, and temporary differences per IAS 12.

Question

Explain the following terms in accordance with IAS 12 – Income tax.
i. Deferred tax
ii. Permanent differences
iii. Temporary differences

Answer

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Find Related Questions by Tags, levels, etc.

Tags: Deferred Tax, IAS 12, Permanent Differences, Temporary Differences
Level: Level 2

Topic: Accounting for Income Taxes (IAS 12)

FR – Nov 2023 – L2 – Q5a – Accounting for Income Taxes (IAS 12)

Define deferred tax, permanent differences, and temporary differences per IAS 12.

Question

Explain the following terms in accordance with IAS 12 – Income tax.
i. Deferred tax
ii. Permanent differences
iii. Temporary differences

Answer

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Tags: Deferred Tax, IAS 12, Permanent Differences, Temporary Differences
Level: Level 2

Topic: Accounting for Income Taxes (IAS 12)

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