Which of the following is false?

Under IFRS, all potential liabilities must be recognized.
Under IFRS, all deferred tax assets and liabilities are classified as non-current.
Under GAAP, deferred taxes are reported based on the classification of the asset or liability to which it relates.
Under GAAP, the enacted tax rate is used to measure deferred tax assets and liabilities.

Under GAAP, deferred taxes are reported based on the classification of the asset or liability to which it relates.

Explanation: Deferred income tax is a balance sheet item which can either be a liability or an asset as it is a difference resulting from recognition of income between the accounting records of the company and the tax law because of which the income tax payable by the company is not equal to the total expense of tax reported.

Generally, the classification of a deferred tax account as current or noncurrent hinges on the classification of the asset or liability that gave rise to it. Any deferred tax account not arising from a specific asset or liability is classified as current or noncurrent based on its expected reversal date.

"quid pro quo" harassment takes place when a supervisor requires sex, sexual favors, or sexual contact from an employee/job candidate as a condition of their employment. only supervisors who have the authority to make tangible employment actions (i.e. hire, fire, promote, can commit "quid pro quo" harassment.

keep quite, set up,sorry