Question No 35:Which ONE of the following would cause a deferred tax balance to be included in the statement of financial position for an entity, as required by IAS 12 Income Taxes?
A. An expense that is included in the statement of comprehensive income but is not allowed for tax.
B. A non-current asset that does not qualify for tax depreciation.
C. Tax depreciation being allowed on a non-current asset at a different annual rate to that used for depreciation in the financial statements.
D. Impairment of goodwill that arose on the acquisition of a subsidiary entity.