Question
The extracts of the company's income statement for the year ended 30 June 2000 are as follows: Accounting profit before income tax: 240k Fines and
The extracts of the company's income statement for the year ended 30 June 2000 are as follows:
Accounting profit before income tax: 240k
Fines and penalties: 21k
Depreciation of equipment (accounting): 70k
Depreciation of equipment (tax): 140k
Long service leave expense: 23k
Income tax rate 30%
No employee has been paid long service leave this year. Calculate current tax liability
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Forensic And Investigative Accounting
Authors: G. Stevenson Smith D. Larry Crumbley, Edmund D. Fenton
10th Edition
0808056301, 9780808056300
