User Account

All Pages

Explain the properties of the ifrs

Assignment Help Accounting Basics
Reference no: EM131592617

Question: Under IFRS:

(a) "probable" is defined as a level of likelihood of at least slightly more than 60%.

(b) a company should reduce a deferred tax asset when it is likely that some or all of it will not be realized by using a valuation allowance.

(c) a company considers only positive evidence when determining whether to recognize a deferred tax asset.

(d) deferred tax assets must be evaluated at the end of each accounting period.

Reference no: EM131592617

Questions Cloud

Prepare the journal entry at the date of the bond purchase : On January 1, 2017, Buffalo Company purchased 8% bonds having a maturity value of $360,000, Prepare the journal entry at the date of the bond purchase
Differentiate between ifrs and gaap : Under GAAP, all potential liabilities related to uncertain tax positions must be recognized.
Discuss the phrase beyond a reasonable doubt : Explain the phrase "Beyond a Reasonable Doubt." Do you agree with this rule of law. Should the defendant have the burden to prove his/her innocence
Preferred inforamtion systems : Inforamtion Systems: learning management systems, database management systems, and office information systems.
Explain the properties of the ifrs : Under IFRS: a company should reduce a deferred tax asset when it is likely that some or all of it will not be realized by using a valuation allowance.
Define essential characteristics of juvenile : What is one of the seven essential characteristics of juvenile detention de ned by the American Correctional Association Detention Committee
How will my journal entry be assessed : How will my journal entry be assessed? Explain why these conflicts are important and how they create meaning. What meaning(s) do they create?
Prepare the adjusting entry at december to report portfolio : At December 31, 2017, the available-for-sale debt portfolio for Marin, Inc. is as follows. Prepare the adjusting entry at December 31, 2017
What is the amount of deferred tax asset : Stephens Company has a deductible temporary difference of $2,000,000 at the end of its first year of operations. Its tax rate is 40 percent.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd