. The following balances were extracted from N's financial statements: Extracts from the statement of financial...

  

Transcribed Image Text:

. The following balances were extracted from N's financial statements: Extracts from the statement of financial position as at 31 December 2022 Deferred taxation Current tax payable 40,000 110,000 2021 31,000 98,000 Extract from statement of profit or loss for the year ended 31 December 2022 Income tax expense £135,000 The amount of tax paid that should be included in N's statement of cash flows for the year ended 31 December 2022 is: . The following balances were extracted from N's financial statements: Extracts from the statement of financial position as at 31 December 2022 Deferred taxation Current tax payable 40,000 110,000 2021 31,000 98,000 Extract from statement of profit or loss for the year ended 31 December 2022 Income tax expense £135,000 The amount of tax paid that should be included in N's statement of cash flows for the year ended 31 December 2022 is:

Answer rating: 100% (QA)

To calculate the tax paid that should be included in Ns statement of cash flows for the year ended 3... View the full answer