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Bogart Ltd Has the Following Tax Balances as at 30

Question 53

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Bogart Ltd has the following tax balances as at 30 June 2009
Bogart Ltd has the following tax balances as at 30 June 2009 The balances were calculated when the tax rate was 30 per cent. On 30 September 2009, the Government announced a change to the company tax rate to 40 per cent, effective immediately. What is the journal entry to adjust the carry-forward balances of the deferred tax asset and deferred tax liability? A) B) C) D) E) None of the given answers
The balances were calculated when the tax rate was 30 per cent. On 30 September 2009, the Government announced a change to the company tax rate to 40 per cent, effective immediately. What is the journal entry to adjust the carry-forward balances of the deferred tax asset and deferred tax liability?


A) Bogart Ltd has the following tax balances as at 30 June 2009 The balances were calculated when the tax rate was 30 per cent. On 30 September 2009, the Government announced a change to the company tax rate to 40 per cent, effective immediately. What is the journal entry to adjust the carry-forward balances of the deferred tax asset and deferred tax liability? A) B) C) D) E) None of the given answers
B) Bogart Ltd has the following tax balances as at 30 June 2009 The balances were calculated when the tax rate was 30 per cent. On 30 September 2009, the Government announced a change to the company tax rate to 40 per cent, effective immediately. What is the journal entry to adjust the carry-forward balances of the deferred tax asset and deferred tax liability? A) B) C) D) E) None of the given answers
C) Bogart Ltd has the following tax balances as at 30 June 2009 The balances were calculated when the tax rate was 30 per cent. On 30 September 2009, the Government announced a change to the company tax rate to 40 per cent, effective immediately. What is the journal entry to adjust the carry-forward balances of the deferred tax asset and deferred tax liability? A) B) C) D) E) None of the given answers
D) Bogart Ltd has the following tax balances as at 30 June 2009 The balances were calculated when the tax rate was 30 per cent. On 30 September 2009, the Government announced a change to the company tax rate to 40 per cent, effective immediately. What is the journal entry to adjust the carry-forward balances of the deferred tax asset and deferred tax liability? A) B) C) D) E) None of the given answers
E) None of the given answers

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