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ARTICLE · 09 NOVEMBER 2012

IFRS Quiz: Deferred Tax

PwC Management Services LP
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Deferred tax–you either know it or you don’t. Test yourself against one of our specialists, Cynthia Leung.

CanadaAccounting and Audit
Cynthia Leung
Cynthia Leung

Deferred tax–you either know it or you don't. Test yourself against one of our specialists, Cynthia Leung. You can find guidance to help you with the answers in our topic summary on taxation on pwcinform.com.

Q1: Deferred tax assets or liabilities that will be recovered within 12 months are presented as current assets or current liabilities in the balance sheet. True or false?

  1. True
  2. False

Q2: When the carrying amount of an asset is more than its tax base, is there a:

  1. C100
  2. C nil

Q4: Which of the following disclosures are required by IAS 12?

  1. The amount of each type of deferred tax asset and liability (for example, tax losses or accelerated tax depreciation)

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