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After applying AASB112 Income Taxes , Romeo Ltd recorded the following: Income tax expense (Current) $13,500 (Dr) and Income tax expense (Deferred) $2,200 (Cr). Romeo
After applying AASB112 Income Taxes, Romeo Ltd recorded the following: Income tax expense (Current) $13,500 (Dr) and Income tax expense (Deferred) $2,200 (Cr).
Romeo Ltd had a profit before tax of $50,000. The company income tax rate is 30%.
The total for income tax expense that should be disclosed on the Statement of Profit or Loss and Other Comprehensive Income is:
Select one:
a.
$3,390 (Dr)
b.
$11,300 (Dr)
c.
$15,700 (Dr)
d.
$15,000 (Dr)
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