Is this policy consistent with us gaap

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Here's an excerpt from one of AF's notes to its financial statements: Deferred taxes (in part) The Group records deferred taxes using the balance sheet liability method, providing for any temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The tax rates used are those enacted or substantively enacted at the balance sheet date. Is this policy consistent with U.S. GAAP? Explain.

Reference no: EM132325772

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