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Calculate deferred tax asset and deferred tax liability balances as at 3 0 June 2 0 2 4 . Prepare the deferred tax journal entries
Calculate deferred tax asset and deferred tax liability balances as at June Prepare the deferred tax journal entries for the year ended June Note that you are NOT required to prepare journals to offset the deferred tax asset and deferred tax liability balances. Show your calculation using deferred tax worksheets by creating separate columns for: carrying amount, tax base, taxable temporary differences and deductible temporary differences. Assume that by December there was a change in tax rate to: With reference to AASB Income Taxes, discuss the accounting treatment of the deferred tax asset and deferred tax liability balances as at December following a lower tax threshold for the financial year. Prepare the journal entries to record the effect of change in tax rate.
Calculate deferred tax asset and deferred tax liability balances as at June
Prepare the deferred tax journal entries for the year ended June
Note that you are NOT required to prepare journals to offset the deferred tax asset and deferred tax liability balances.
Show your calculation using deferred tax worksheets by creating separate columns for:
carrying amount, tax base, taxable temporary differences and deductible temporary differences.
Assume that by December there was a change in tax rate to:
With reference to AASB Income Taxes, discuss the accounting treatment of the deferred tax asset and deferred tax liability
balances as at December following a lower tax threshold for the financial year.
Prepare the journal entries to record the effect of change in tax rate.
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