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CalculationIntermediatePublished

Question · Retrospective restatement of an error

Lindane's published 2024 profit is 620,000. A 2024 expense of 40,000 was omitted; its correction gives rise to a deferred tax effect at a rate of 25 % (case data). What 2024 profit should be presented as the comparative?

Published 2024 profit
620,000
Omitted 2024 expense
40,000
Tax rate
25 %
Your answer

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