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I want an answer, please Section B: True / False Question 1. Current tax for current and prior periods shall, to the extent overpaid, be
I want an answer, please
Section B: True / False Question 1. Current tax for current and prior periods shall, to the extent overpaid, be recognised as an asset. ( ) 2. If the amount already paid in respect of current and prior periods less than the amount due for those periods, the excess shall be recognised as an asset. ( 3. A deferred tax asset is an liability on a company's balance sheet that may be used to reduce its taxable income ) 4. Deferred tax asset is recorded in Statement of Financial Position under the Expenses items.(
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