QUESTIONS 45 THROUGH 68 RELATE TO FINANCIAL STATEMENT ANALYSIS

52. - MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
52. In the current year, a company increased its deferred tax asset by $500,000. During the year, the company most likely: A. became entitled to a $500,000 tax refund. B. reported a lower accounting profit than taxable income. C. had permanent differences between accounting profit and taxable income.