explain the below quetion on the basis of AIC Mines company australia annual report Briefly explain the concepts of accounting profit, taxable profit, temporary difference, taxable temporary difference, deductible temporary difference, deferred tax assets and deferred tax liability. ii Briefly explain the recognition criteria of deferred tax assets and deferred tax liability. iii What is your firms tax expense in its latest financial statements? iv Is this figure the same as the company tax rate times your firms accounting income? Explain why this is, or is not, the case for your firm highlighting the reasons for differences. v Identify the deferred tax assets/liabilities that is reported in the balance sheet articulating the possible reasons why they have been recorded. vi Is there any current tax assets or income tax payable recorded by your company? Why is the income tax payable not the same as income tax expense? vii Is the income tax expense shown in the income statement same as the income tax paid shown in the cash flow statement? If not, why is the difference? viii Briefly explain the concepts of temporary difference and permanent difference. Identify any permanent differences that your company may have. ix What do you find interesting, confusing, surprising or difficult to understand about the treatment of tax in your firms financial statements? What new insights, if any, have you gained about how companies