Question
When book profits are less than taxable
profits:Solution
A deferred tax asset is recognized when the taxable profits are higher than the book profits, resulting in future tax benefits. It represents the taxes that the company has overpaid and can be offset against future taxable profits, resulting in a reduction of tax expenses in the future. In the given scenario, if the book profits are lower than the taxable profits, it implies that the company has paid more taxes based on the higher taxable profits. As a result, a deferred tax asset is created to recognize the future tax benefits that the company can utilize to offset against its future taxable income.
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is/are definitely true and then ...
Statements:
F > L = P ≥ Q ≥ W; X < C ≤ D < W
Conclusions:
I. W > X
II. F > C
Statement: X > W = P; X > G > F; X < O
Conclusion: I. F < W      II. P ≤ F
In these questions, relationship between different elements is shown in the statements. The statements are followed by conclusions.
Statements:...
In the question, relationship between some elements is shown in the statements (s). These statements are followed by two conclusions. Read the statemen...
Statements:Â Â Â Â Â Â Â M @ N % Z #Â C & B $ AÂ # E; W $ Z @ C
Conclusions :Â Â Â Â Â I. E @ ZÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â II. A # WÂ Â Â ...
Statements: S ≥ U < N = A; D > U ≥ C
Conclusions: I. A > D II. C < A
Statements: A $ B, B * C, D % A
Conclusions: a) C # DÂ Â Â Â Â b) D $ B
Statements: F % W, W © R, R @ M, M $ D
Conclusions:
 I.D @ R                               II.M $ F�...
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is /are definitely true and the...
