CERTYNEX IFRS ACADEMY

Which combination of conditions allows the initial recognition exception to be applied to a deferred tax liability?

A transaction outside a business combination with no effect on accounting profit when it occurs, whatever its effect on taxable profit.

A transaction outside a business combination, with no effect on accounting profit or taxable profit.

A transaction outside a business combination, with no effect on either profit, and no equal taxable and deductible differences.

A transaction carried out in a business combination, at fair value.