Explain by giving examples the causes of the differences between taxable income and accounting income ( 5
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Question:
Explain by giving examples the causes of the differences between taxable income and accounting income Marks
b Dolphin Company Limited has results of its operations for the year as follows;
The accounting income was including credit sales of
The expenditure included for warranty expense
The tax rate for the period and future is
Required
a Determine the taxable income Marks
b Determine the taxes payable and deferred tax amount Marks
c Show Journal entries to record the tax expense Marks
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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