Current tax assets and liabilities are measured at the amount expected to be paid to or recovered from the taxation authority. Q Select the one correct option and then select Submit. 4 What tax rates are used to calculate the current tax asset/liability? Tax rates substantively enacted by the date of the financial statements Tax rates and tax laws that have been enacted or substantively enacted by the date of the financial statements Tax rates and tax laws that have been enacted at the beginning of the financial reporting period Anticipated tax rates before the authorized date of the financial statements

Current tax assets and liabilities are measured at the amount expected to be paid to or recovered from the taxation authority. What tax rates are used to calculate the current tax asset/iability? Seiect the one correct option and then select submit. Tax rates substantively enacted by the date of the financial statements Tax rates and tax laws that have been enacted or substantively enacted by the date of the financial statements Tax rates and tax laws that have been enacted at the beginning of the financial reporting period Anticipated tax rates before the authorized date of the financial statements