The corporation tax charge in the income statement (profit and loss account) for Year 2 was 30m.
Question:
The corporation tax charge in the income statement (profit and loss account) for Year 2 was
£30m. The tax liability in the balance sheet at the start of Year 2 was £6m. The tax liability in the balance sheet at the end of Year 2 was £10m. What was the amount of cash paid in taxation during Year 2?
AppendixLO1
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Related Book For
Financial And Management Accounting An Introduction
ISBN: 9780273718413
5th Edition
Authors: Pauline Weetman
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