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CORK Company provide the following informaton for the year ended 31 December 2016 Taxable Income = $300,000 Pre-Tax Income IFRS = $400,000 Tax Rate 30%
CORK Company provide the following informaton for the year ended 31 December 2016 Taxable Income = $300,000 Pre-Tax Income IFRS = $400,000 Tax Rate 30% In the Statement of Financial Position, CORK Company will show which of the following under Current Liabilities: Select one: Oa. None of these answers O b. Deferred Taxation Liabilty: $30,000 Oc. Tax Payable 90,000 Od. Deferred Taxation Liability: $20,000 e. Tax Payable $120,000 13
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