Here's an excerpt from one of BA's notes to its financial statements: Taxation (in part) Deferred income
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Here's an excerpt from one of BA's notes to its financial statements:
Taxation (in part)
Deferred income tax assets are recognised only to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, carried forward tax credits or tax losses can be utilised.
Is this policy consistent with U.S. GAAP? Explain.
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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