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Multiple choiceIntermediatePublished

Question · Accounting profit, taxable profit, current tax and deferred tax

For Fendral, current tax for the year is 150,000; during the year, a deferred tax liability increased by 20,000 and a deferred tax asset by 5,000, both changes being recognised in profit or loss. Fendral paid instalments of 138,000. Which statements are correct?

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