In relation to accounting for income taxes, which one of the following statements is correct? a. Tax expense is the sum of current tax expense plus deferred tax expense. b. All movements in deferred...

In relation to accounting for income taxes, which one of the following statements is correct?

a. Tax expense is the sum of current tax expense plus deferred tax expense.

b. All movements in deferred tax assets and liabilities are recognised in the statement of profit or loss and other comprehensive income.

c. Current tax expense is the sum of tax expense plus deferred tax expense.

d. Deferred tax liabilities are determined from deductible temporary differences.

Jun 11, 2022

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