- Question 7 Answer Saved Marked Out Of 1 00 P Fog Question The Opening Balance On The Deferred Taxation Llability For Cla 1 (25.27 KiB) Viewed 32 times
- Question 7 Answer Saved Marked Out Of 1 00 P Fog Question The Opening Balance On The Deferred Taxation Llability For Cla 2 (31.44 KiB) Viewed 32 times
- Question 7 Answer Saved Marked Out Of 1 00 P Fog Question The Opening Balance On The Deferred Taxation Llability For Cla 3 (35.11 KiB) Viewed 32 times
Question 6 Answer saved Marked out of LOO Flog question The Opening Balance on the Deferred Taxation Liability for CLARE Company for 2020 is $40,000 Credit CLARE Company provides the following information for the year-ended 31 December 2020: Taxable income = $700,000 Pre-Tax Income IFRS $600,000 Tax Rate = 20% In the Statement of Financial Position at 31 December 2021, CLARE Company will show a Deferred Taxation Liability of Select one: O a. $60,000 O b. $40,000 Ⓒc. $20,000 O d. None of these answers Oe. $80,000
Question 5 Answer saved Marked out of 1.00 Flag question CORK Company provide the following informaton for the year ended 31 December 2016 Taxable income = $300,000 Pre-Tax Income IFRS= $400,000 Tax Rate 30% The Journal entry to record this information will include which entry to the Deferred Taxation Liability account Select one: O a. Debit $90,000 O b. None of these answers Oc. Debit $30,000 O d. Credit $90,000 e. Credit $30,000 Clear my choice