WhiUnder GAAP, tax effects are charges or credits to income. IFRS uses an affirmative...
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WhiUnder GAAP, tax effects are charges or credits to income. IFRS uses an affirmative judgment approach when calculating the deferred tax asset up to the amount that is probable to be recognized. Under IFRS, all portential liabilities must be recognized under an expectedvalue approach. IFRS classifies all leases under the operating lease method. All of the above are true.ch statement is false?
WhiUnder GAAP, tax effects are charges or credits to income.
IFRS uses an affirmative judgment approach when calculating the deferred tax asset up to the amount that is probable to be recognized.
Under IFRS, all portential liabilities must be recognized under an expectedvalue approach.
IFRS classifies all leases under the operating lease method.
All of the above are true.ch statement is false?
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