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Discuss the rationale for recognising deferred tax asset

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Reference no: EM132531389

These are theoritical questions regarding to '(Accounting for) Income Taxes' topic. Please solve following 3 questions.

Question 1. Discuss the rationale for recognising deferred tax asset (DTA)

Question 2. Discuss the rationale for recognising deferred tax liability (DTL)

Question 3. Discuss why would a profitable company potentially not have any income tax payable to the relevant taxation authority.

Reference no: EM132531389

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