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Journal entryIntermediateVariant — group VG.IAS12.000042Published

Question · Tax recognised in OCI or equity

Ismarelle, which measures its hotels under the revaluation model, records an increase of 520,000 recognised in OCI; the tax base is unchanged. The expected rate is 20%. Record the deferred tax entry.

Increase in value recognised in OCI
520,000
Rate (%)
20 %
Your answer
  1. Line 1

    Account Income tax on other comprehensive income

  2. Line 2

    Account Deferred tax liability

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