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Sister Ltd has prepaid rent with a balance of $48,000 disclosed in the statement of financial position at the end of the reporting period 30
Sister Ltd has prepaid rent with a balance of $48,000 disclosed in the statement of financial position at the end of the reporting period 30 June 2021. The company tax rate is 30%. In relation to prepaid rent, there will be a:
Select one:
a.
Deferred tax asset of $14,400
b.
Taxable temporary difference of $48,000
c.
Deductible temporary difference of $48,000
d.
Tax base of $48,000
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