Question
P Limited's profit before tax for the year ended 31 December 2020 amounted to N$ 80 000. Included i this profit is an income of
P Limited's profit before tax for the year ended 31 December 2020 amounted to N$ 80 000. Included i this profit is an income of N$ 12 000 that was received in 2019 but accruing in 2020. Tax authorities tax income at the earlier of receipt or earnings. The rate is 30%.
What is the income tax expense for 31 December 2020?
What is the deferred tax for 31 December 2020
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Auditing Cases An Interactive Learning Approach
Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt
7th Edition
9780134421827
