Question
you are required to identify the difference between profit or loss for accounting purpose and profit or loss for tax purpose. you are also required
you are required to identify the difference between profit or loss for accounting purpose and profit or loss for tax purpose. you are also required to demonstrate the understanding of how deferred tax assets and deferred liabilities arise and how they are calculated.
Hunter ltd is a victorian-based truck manufacturer. it started its business on 1 july 2015. the income statement for the year ended 30 june 2017 and the extract of the statements of financial position of hunter ltd for the year ended 30 june 2016 and 30 june 2017 are provided in the next page. the statement of financial performance reports a profit before tax of 762,725 for the year ended 30 june 2017.
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