Gold Star Ltd began operations on 1 July 2019. On that date the company purchased several non-current
Question:
Question 1 Current Tax Schedule Calculate taxable income and current tax liability using the schedule entitled “Current Tax Worksheet”. Provide the journal entry to record current tax liability. Exclude journal narrations.
Question 2 Deferred Tax Schedule Complete the schedule entitled “Deferred Tax Worksheet” showing the calculation of deferred tax liabilities and deferred tax assets for the year ended 30 June 2020. Note that not all cells will be required to be filled. Provide journal entries to record deferred tax assets and/or deferred tax liabilities (if any). Do not offset deferred tax assets against deferred tax liabilities. Exclude journal narrations.
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett