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The entries for income tax for the period are comprised of three components. Which of the following is NOT included in the components? O
The entries for income tax for the period are comprised of three components. Which of the following is NOT included in the components? O a. Recognition of the movement in deferred tax asset included in the profit or loss for the period. O b. Recognition of the movement in deferred tax liability included in the profit or loss for the period. O c. Recognition of the temporary difference on the purchase of goodwill. O d. Recognition of the current tax liability. A taxable temporary difference is expected to lead to the payment of: O a. less tax in the future and gives rise to a deferred tax asset. O b. more tax in the future and gives rise to a deferred tax asset. O a more tax in the future and gives rise to a deferred tax liability. O d. less tax in the future and gives rise to a deferred tax liability.
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