Question
Malarky Limited accrued $30 000 for employees' long service leave in the year ended 30 June 20X2. This item will not be tax deductible until
Malarky Limited accrued $30 000 for employees' long service leave in the year ended 30 June 20X2. This item will not be tax deductible until it is paid in approximately 10 years' time. If the company tax rate is 30% Malarky Limited must record the following tax effect as a balance date adjustment:
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Financial Accounting Information For Decisions
Authors: John J. Wild
10th Edition
1260705587, 978-1260705584
