Income Taxes F30-30b

True/ False:

For both international and US standards, it is possible for a deferred tax asset not to be recognized in one period, but for the same future deductible difference, the deferred tax asset could be recognized in a later period, as circumstances change.

True. For both international and US standards, it is possible for a deferred tax asset not to be recognized in one period, but for the same future deductible difference, the deferred tax asset could be recognized in a later period, as circumstances change.