FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

under IAS 12 country: Philippines tax rate is 30% Given the following data: Deferred tax asset Deferred tax liability Net taxable income December 31, 2021

image text in transcribed
under IAS 12
country: Philippines
tax rate is 30%
Given the following data: Deferred tax asset Deferred tax liability Net taxable income December 31, 2021 P 210.000 100.000 3.520.000 December 31, 2022 P 340,000 160.000 4,050,000 How much is the total income tax expense for the year 20222

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Examine scientifically supported methods to enlarge the capacity of short-term memory.

Answered: 1 week ago

Question

The founder of Frenza asks us to assist her in accounting and analysis of the corporations bonds, which have an annual contract rate of 8%. She wants to know the business and accounting implications...

Answered: 1 week ago

Question

ceduom/2020/pluginfile.php/29727/mod resource/content/SADX2BCOMPK.2010007.1%29FALL 2020CW%20Asti 2%29ALLQP.pdf (20 marks) assignment task B1 to solve the below sub tasks. 1. Prepare the context...

Answered: 1 week ago

Question

The operating results in summarized form for a retail computer store for 2018 are: Revenue: Hardware sales$4,800,000 Software sales2,000,000 Maintenance contracts 1,200,000 Total revenue$8,000,000...

Answered: 1 week ago

Question

You have $420 in an account which pays 4.1% compounded annually. If you invest your money for 9 years, then how many dollars of interest will you earn by the end of the term? The amount of interest...

Answered: 1 week ago

Question

Americans are greedy because everybody sues everybody on everything." Do you agree with above statement, and why there are many more liability litigation cases seeking huge amount for damage remedy...

Answered: 1 week ago

Question

You require 4.300 kg prepared carrots for service. The trimming loss for carrots is 14%. What quantity of raw carrots will you require for preparation? Enter your answer to 3 decimal places, e.g....

Answered: 1 week ago

Question

How does the battery from Tesla cars negatively impact the environment? Does Tesla negatively impact the environment at all? If so, how? What could Tesla do to help solve these impacts?

Answered: 1 week ago

Question

United States Motors Inc. (USMI) manufactures automobiles and light trucks and distributes them for sale to consumers through franchised retail outlets. As part of the franchise agreement,...

Answered: 1 week ago

Previous Question Next Question