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The following information relates to Marigold Inc.: Accounting income for the year ended June 3 0 , 2 0 2 3 was $ 1 2

The following information relates to Marigold Inc.:

Accounting income for the year ended June

30, 2023

was $

128, 000 .

No permanent differences existed during the fiscal

year. The company was expected to operate profitably in the future. The tax rate was

17 %

for the current and future

years. Marigold Inc. follows IFRS.

Prepare Journal Entries to record income taxes for

2023

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