Which of the following is false?

(a) Under GAAP, deferred taxes are reported based on the classifi cation of the asset or liability to which it relates.

(b) Under IFRS, all potential liabilities must be recognized.

(c) Under GAAP, the enacted tax rate is used to measure deferred tax assets and liabilities.

(d) Under IFRS, all deferred tax assets and liabilities are classifi ed as non-current.