Question
There is no recognition of a deferred tax item in respect to goodwill because it is a residual amount and the recognition of a deferred
There is no recognition of a deferred tax item in respect to goodwill because it is a residual amount and the recognition of a deferred tax item would:
A.decrease the carrying amount of goodwill;B.increase the carrying amount of goodwill;C.decrease the net profit on consolidation;;D.increase the net profit on consolidation.
Answer: B. Why?
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Managerial Accounting
Authors: James Jiambalvo
3rd Edition
0470038152, 978-0470038154
