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1. Casper Ltd incurred a loss of $500 000 for tax purposes in 2018. This was due to one- off circumstances and it is expected
1. Casper Ltd incurred a loss of $500 000 for tax purposes in 2018. This was due to one- off circumstances and it is expected that Casper will make profits again in 2015 and subsequent years. There are no temporary differences in either 2018 and 2019. In 2019 Casper makes a profit of $700 000. The tax rate is 30%. What are the journal entries for 2018 and 2019
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