Question: Prepare a concise statement for the current tax and deferred tax based on the following facts. Tax rate 15% Profit (accounting) for 2019 BD600,000

Prepare a concise statement for the current tax and deferred tax based

Prepare a concise statement for the current tax and deferred tax based on the following facts. Tax rate 15% Profit (accounting) for 2019 BD600,000 BD150,000 dividend income is tax exempt Current Year closing taxable temporary differences are BD 136,000 Prior Year taxable temporary differences were BD116,000

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