At an AGM of shareholders a shareholder wishes to know why the tax expense for the year
Question:
At an AGM of shareholders a shareholder wishes to know why the tax expense for the year is reported at £394,000; whereas the tax liability reported among the current liabilities is £378,000.
Required:
Explain the possible reason(s) to the shareholder.
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Step by Step Answer:
The tax liability included within current liability is only ...View the full answer
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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