Skip to main content
IFRS Academy

CERTYNEX IFRS ACADEMY

Search the Academy

Home
My learning path
Exercises & quizzes
Cases
Workpapers
Exams
My progress

CalculationAdvancedPublished

Question · Disclosures on material non-adjusting events

Flolbix has taxable temporary differences of 2,000,000 at 31 December; its deferred tax liability is measured at the 25 % rate applicable at the reporting date (case data). In February, a rate of 28 % is announced. What liability should be kept at the reporting date and what effect disclosed?

Taxable temporary differences
2,000,000
Rate applicable at the reporting date
25 %
Rate announced in February
28 %
Your answer

← Back to the concept