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Melt Ltd had a $20,000 balance for Provision for Warranty for the year ended 30 June 2021. If the company tax rate is 30%, the
Melt Ltd had a $20,000 balance for Provision for Warranty for the year ended 30 June 2021. If the company tax rate is 30%, the deferred tax item that will be recorded by Melt Ltd at 30 June 2021 is: a. Select one: CR Deferred tax asset $6,000 O b. DR Deferred tax asset $6,000 C. CR Deferred tax liability $6,000 O d. DR Deferred tax liability $6,000 Clear my choice
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