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Norba Limited Presents the Following Balances in Its Financial Statements

Question 25

Multiple Choice

Norba Limited presents the following balances in its financial statements for the years ended 31 July 2019 and 31 July 2018:
20192018££ Income tax liability at the year end 45,31815,419 Statement of profit or loss income tax  charge 50,99442,612 Income tax refund received 320\begin{array}{lcc} & 2019 & 2018 \\& £ & £ \\& & \\\text { Income tax liability at the year end } & 45,318 & 15,419 \\\begin{array}{l}\text { Statement of profit or loss income tax } \\\text { charge }\end{array} & 50,994 & 42,612 \\\begin{array}{l}\text { Income tax refund received }\end{array} & 320 & -\end{array} Based on these figures, what was the total cash paid by Norba Limited for taxation in the financial year ended 31 July 2019?


A) £13,033
B) £20,775
C) £21,095
D) £21,415

Correct Answer:

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