Question
you have the following section extracted from the income statement of Stark company Pretax income ? Income tax expense 24,000 Current 20,000 Deferred ? Assume
you have the following section extracted from the income statement of Stark company
| Pretax income |
| ? |
|
Income tax expense
|
|
24,000 |
| Current 20,000 | ||
| Deferred ? |
Assume that the tax rate for all years is 20%, and the company had only one temporary differnces and no Permenant differnces and in all previous years, taxable income and pretax income were the same, answer the followings:
- How much is pretax income?
- How much is taxable income?
- Is this differnces a DTA or a DTL?
- is this an originating or reversal?
- how much is the deferred tax portion?
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Disruption In The Audit Market
Authors: Krish Bhaskar, John Flower
1st Edition
0367220660, 978-0367220662
