Question
ABC Limited accrued $40 000 for employees' long service leave in the year ended 30 June 2018. This item will not be tax deductible until
ABC Limited accrued $40 000 for employees' long service leave in the year ended 30 June 2018. This item will not be tax deductible until it is paid in approximately 5 years' time. Assuming the company tax rate is 30%, ABC Limited must record the following tax effect as a balance date adjustment:
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
