alleryStart learning →What must an enterprise re-assess at each balance sheet date under AS 22?
AUnrecognised deferred tax assets
BRecognised deferred tax liabilities
CAdvance tax paid in the year
DDividends declared after year end
Answer & Solution
Correct answer: A. Unrecognised deferred tax assets
Previously unrecognised deferred tax assets are recognised once future taxable income becomes reasonably or virtually certain.
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