GYV Ltd has the following deffered tax balances as at 30 June 2019 DTA $900000 DTL. $700000 The above balances were calculated when rhe tax rate, was 20 percent. On 1 December 2019 the government raises the corporate tax rate to 25 percent Required Provide the journal entries to adjust the carry forward balances of The DTA and DTL
GYV Ltd has the following deffered tax balances as at 30 June 2019 DTA $900000 DTL. $700000 The above balances were calculated when rhe tax rate, was 20 percent. On 1 December 2019 the government raises the corporate tax rate to 25 percent Required Provide the journal entries to adjust the carry forward balances of The DTA and DTL
Chapter12: Tax Credits And Payments
Section: Chapter Questions
Problem 23P
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GYV Ltd has the following deffered tax balances as at 30 June 2019
DTA $900000
DTL. $700000
The above balances were calculated when rhe tax rate, was 20 percent. On 1 December 2019 the government raises the corporate tax rate to 25 percent
Required
Provide the
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