Better matching is achieved when deferred income tax assets due to carry forwards are fully recognized in the year of the loss.

Name: Better matching is achieved when deferred income tax assets due to carry forwards are fully recognized in the year of the loss.
Brand: Quizplus
Rating: 4.9 (26 reviews)

Question

Quizplus · Accepted Answer

Deferred income tax assets are recognized when it is probable that future taxable profit will be available against which the temporary differences can be utilized, not necessarily in the year of the loss.

Better Matching Is Achieved When Deferred Income Tax Assets Due