Question
ABC Limited accrued $30,000 for warranty expense in the year ended 30 June 2023. This item will not be tax deductible until it is
ABC Limited accrued $30,000 for warranty expense in the year ended 30 June 2023. This item will not be tax deductible until it is paid. If the company tax rate is 30%. What is the tax effect adjustment entry on 30 June 2023? (2 MARKS)
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International Financial Reporting a practical guide
Authors: Alan Melville
8th Edition
1292439424, 978-1292439426
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