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5. On 31 December 2010, Allysum estimated the tax charge for 2010 to be $230,000. The actual charge turned out to be $222,000 and this was paid in 2011.
On 31 December 2011, the tax charge for 2011 has been estimated as $265,000.
What amounts should appear in the financial statements at the end of 2011?
Statement of Financial Position Income Statement
A 257,000 265,000
B 273,000 265,000
C 265,000 257,000
D 265,000 273,000i don’t know what’s going on? could someone explain for me ?
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