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Journal entryAdvancedVariant — group VG.IAS12.000059Published

Question · Uncertain tax treatments: measure and reassess

Uvrelac judges acceptance of an exemption applied in its 20X5 return not probable; the additional tax measured using the method that better predicts the resolution amounts to 310,000. Only current tax is affected. Record the entry at the reporting date.

Additional tax measured
310,000
Your answer
  1. Line 1

    Account Current tax expense

  2. Line 2

    Account Current tax liability

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