Hudson has the following balances included on its trial balance at 30 June 20X4. $ 4,000...

 

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Hudson has the following balances included on its trial balance at 30 June 20X4. $ 4,000 Credit 12,000 Credit Taxation Deferred taxation The taxation balance relates to an overprovision from 30 June 20X3. At 30 June 20X4, the directors estimate that the provision necessary for taxation on current year profits is $15,000. The carrying amount of Hudson's non-current assets exceeds the tax written-down value by $30,000. The rate of tax is 30%. What is the charge for taxation that will appear in the statement of profit or loss for the year to 30 June 20X4? Hudson has the following balances included on its trial balance at 30 June 20X4. $ 4,000 Credit 12,000 Credit Taxation Deferred taxation The taxation balance relates to an overprovision from 30 June 20X3. At 30 June 20X4, the directors estimate that the provision necessary for taxation on current year profits is $15,000. The carrying amount of Hudson's non-current assets exceeds the tax written-down value by $30,000. The rate of tax is 30%. What is the charge for taxation that will appear in the statement of profit or loss for the year to 30 June 20X4?

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The current years provision for Tax is 15000 Less Provision a... View the full answer