Question
Grouper Inc., which follows IFRS, had the following balances and amounts on its comparative financial statements at year end: Dec. 31, 2020 Dec. 31, 2019
Grouper Inc., which follows IFRS, had the following balances and amounts on its comparative financial statements at year end:
| Dec. 31, 2020 | Dec. 31, 2019 | |||||
|---|---|---|---|---|---|---|
| Income taxes payable | $1,000 | $1,440 | ||||
| Deferred tax asset | 380 | 0 | ||||
| Deferred tax liability | 2,040 | 1,590 | ||||
| Income tax expense | 2,600 | 2,090 | ||||
| Deferred tax benefit | (500 | ) | (280 | ) | ||
Income tax paid?
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Advanced Principles Of Auditing
Authors: Hugo Romero
1st Edition
1632409372, 978-1632409379
