Which of the following situations will result in a future deductible amount? Carrying amount of the asset > tax base of the asset Tax base of the asset > carrying amount of the asset Carrying amount of the liability < tax base of the liability Financial income > Taxable income
Which of the following situations will result in a future deductible amount? Carrying amount of the asset > tax base of the asset Tax base of the asset > carrying amount of the asset Carrying amount of the liability < tax base of the liability Financial income > Taxable income
Chapter19: Corporations: Distributions Not In Complete Liquidation
Section: Chapter Questions
Problem 36P
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2. Which of the following situations will result in a future deductible amount?
- Carrying amount of the asset > tax base of the asset
- Tax base of the asset > carrying amount of the asset
- Carrying amount of the liability < tax base of the liability
- Financial income > Taxable income
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