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Indicate for each of the statements whether it is T or F according to NZ IAS 12. If the statement is false, rewrite the statement

Indicate for each of the statements whether it is T or F according to NZ IAS 12. If the statement is false, rewrite the statement to make it true. If the statement is true, you do NOT need to explain.

Companies cannot discount their deferred tax assets or liabilities.

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