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Fill in the blanks by dragging the correct options provided below In order to justify the anticipated recovery of a deductible temporary difference against existing
Fill in the blanks by dragging the correct options provided below In order to justify the anticipated recovery of a deductible temporary difference against existing taxable differences, the following conditions must be met: .The taxable differences must relate to the same and the same taxable entity; and The taxable differences must be expected to reverse either in the same period as the reverses, or in a period into which any arising from the reversal of the deferred tax asset can be carried forward or back Answer A transaction tax authority originating taxable differences consolidated group Answer B deductible temporary difference taxable temporary difference deferred tax asset deferred tax liability Answer C tax loss unrealized tax loss tax credit unrecognized tax loss Submit
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