Question: Attached are Income Statement, Tax notes ,Balance sheet and Statement of changes in equity. 1)What is your firm's tax expense in its latest financial statements?

Attached are Income Statement, Tax notes ,Balance sheet and Statement of changes in equity.

1)What is your firm's tax expense in its latest financial statements?

2) Is this figure the same as the company tax rate times your firm's accounting income? Explain why this is, or is not, the case for your firm highlighting the reasons for differences.

3) Identify the deferred tax assets/liabilities that is reported in the balance sheet articulating the possible reasons why they have been recorded.

4) Is there any current tax assets or income tax payable recorded by your company? Why is the income tax payable not the same as income tax expense?

5) Is the income tax expense shown in the income statement same as the income tax paid shown in the cash flow statement? If not, why is the difference?

Attached are Income Statement, Tax notes ,Balance sheet and Statement of changesin equity. 1)What is your firm's tax expense in its latest financialstatements? 2) Is this figure the same as the company tax ratetimes your firm's accounting income? Explain why this is, or is not,

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