Under IAS 12, current and deferred taxes are measured on the basis of:
A. rates that have been enacted or substantively enacted by the balance sheet date.
B. current rates and rates anticipated when temporary differences reverse.
C. rates anticipated when temporary differences reverse.
D. whether the entity provides goods or services.
Answer:A
Under IAS 12, current and deferred taxes are measured on the basis of:
A. rates that have been enacted or substantively enacted by the balance sheet date. B. current rates and rates anticipated when temporary differences reverse. C. rates anticipated when temporary differences reverse. D. whether the entity provides goods or services.