D'Silva Limited has a product warranty liability amounting to $10 000.The product warranty costs are not tax deductible until paid out to customers.The company tax rate is 30%.The company has:
A) a deductible temporary difference of $10 000
B) an taxable temporary difference of $10 000
C) a tax base of $10 000
D) a future deductible amount of $0.
Correct Answer:
Verified
Q1: A taxable temporary difference is expected to
Q1: Tax losses can be viewed as providing:
A)
Q3: Differences between the carrying amounts of an
Q4: On 1 April 20X2,the company rate of
Q5: The deferred tax liability is:
A)$1 500
B)$4 500
C)$15
Q6: Generally,when considering the differences between the accounting
Q7: A deductible temporary difference is expected to
Q8: Explain how a tax loss may arise
Q9: Under AASB 112 Incomes Taxes,deferred tax assets
Q11: The deferred tax asset is:
A)$1 500
B)$4 500
C)$5
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