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XYZ Limited adopted tax effect accounting during the current financial period. When estimating the balance date adjustments at the end of the financial period the
XYZ Limited adopted tax effect accounting during the current financial period. When estimating the balance date adjustments at the end of the financial period the following information was determined: current tax liability $12000; deferred tax liability increased by $15000; deferred tax asset increased by $18000. Show your calculation to determine the amount of total income tax expense recognised by the company in the current period.
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