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The following information relates to Bramble Inc.: At July 1, 2019 At June 30, 2020 Temporary difference, giving rise to future taxable amounts Temporary
The following information relates to Bramble Inc.: At July 1, 2019 At June 30, 2020 Temporary difference, giving rise to future taxable amounts Temporary difference, giving rise to future deductible amounts $90,000 29,000 $157,000 88,000 Accounting income for the year ended June 30, 2020 was $133,000. No permanent differences existed during the fiscal year. The company was expected to operate profitably in the future. The tax rate was 20% for the current and future years. Bramble Inc. follows IFRS. Calculate the amount of taxable income for 2020. Taxable income, 2020
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