Why is the tax expense for a period not limited to current tax?Your answerABecause deferred tax corrects errors in the computation of current tax for prior periods.BBecause deferred tax represents the tax penalties likely to be paid if there is a tax audit.CBecause the standard requires tax expense to be smoothed over several years.DBecause it also includes deferred tax, payable or recoverable in future periods in respect of temporary differences and carryforwards.SubmitHint