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the first pic is the 1st and 2nd questions, the second pic is the 3rd question. please help me. thank you 6. If the economic
the first pic is the 1st and 2nd questions, the second pic is the 3rd question. please help me. thank you
6. If the economic benefits from an asset will not be taxable when they are recovered, the tax base of the asset is equal to 1. its carrying amount b. zero. c. a orb d. neither a norb 7. PAS 12 requires the use of this method in accounting for deferred taxes. a. Asset-liability method b. Income statement method c. Straight-line method d. Discounted method 8. Deferred tax assets and deferred tax liabilities do not alter the tax to be paid in the current period. However, they cause tax payments to either increase or decrease when they reverse in a future period. The reversal of which of the following will cause a decrease in tax payment? a. Deferred tax liability b. Deferred tax asset c. Deferred tax expense d. Deferred tax benefitStep by Step Solution
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