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please answer the following questions Current) Assets (Noncurrent and Current) -Equity and Liabilities (Noncurrent and d. QUESTION 4 Deferred Taxes are referred to as the

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Current) Assets (Noncurrent and Current) -Equity and Liabilities (Noncurrent and d. QUESTION 4 Deferred Taxes are referred to as the difference between Tax Payable and Tax Expense. Per US GAAP, if we have $4 million of Deferred Tax Asset (Current) and S2 million of Deferred Tax Liability (Current) and S1 million of Deferred Tax Liability (Noncurrent), on the face of the financial statement, we can record them as follows: a. $4 million of Deferred Tax Asset (Current) and $2 million of Deferred Tax Liability (Current) and S1 million of Deferred Tax Liability (Noncurrent) b. S2 million of Deferred Tax Asset (Current) and S1 million of Deferred Tax Liability (Noncurrent) c. $1 mission of Deferred Tax Asset (Current) d. $6 million of Deferred Tax Asset (nonCurrent) and S1 million of Deferred Tax Liability Noncurrent) QUESTION5 Deferred Taxes are referred to as the difference between Tax Payable and Tax Expense. Per IFRS, if we have $4 million of Deferred Tax Asset (Current) and $2 million of Deferred Tax Liability (Current) and S1 million of Deferred Tax Liability (Noncurrent), on the face of the financial statement, we can record them as follows: a. S4 million of Deferred Tax Asset (Current) and $2 million of Deferred Tax Liability (Current) and $1 million of Deferred Tax Liability (Noncurrent) b. S2 million of Deferred Tax Asset (Current) and SI million of Deferred Tax Liability (Noncurrent) c. $1 mission of Deferred Tax Asset (Current) d. $6 million of Defecred Tax Asset (nonCurrent) and S1 million of Deferred Tax Liability Noncurrent) QUESTION 6 The major difference between IFRS and Its C

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