Under IFRS, what deferred tax amount should Charmed record for this temporary difference?
A) $20,000
B) $20,600
C) $21,000
D) $21,600
Answer: B
Explanation: B) (20,000 × 30%) + (20,000 × 35%) + (20,000 × 38%). Topic 740 was amended to follow IFRS guidance if operations are in a non-U.S. taxing jurisdiction.