Taxation mini excercises

Good morning Mike,

I’m reviewing the taxation mini exercises and I have some questions about them:

Question 2: I’m totally lost with the answer to question 2, I don’t understand where the figures included in the bookings are coming from.

Question 6,7,8,10,11,12,14,16: I don’t get why the transfer from deffered to current is the result of the deduction of the deffered tax liability in the TB minus the amount that comes from the company’s net assets figure that was calculated less than the carrying amount. Shouldn’t the transfer be for the amount that is included in the deffered tax liability in TB only?

Question 9: I don’t understand the bookings in the answers and the figures included on them. Where are the amounts from the revaluation reserve coming from? In the question there is not info about any revaluations f.e.

Question 13 & 15: I don’t get why the transfer from current to defferred is the result of the deduction of the liability to deffered tax minus of the deffered tax liability in the TB. Shouldn’t the transfer be for the amount that is included in the current tax liability in TB only? On the other hand, on both questions I’m not able to follow how do we get the figures from the second booking ( DB P&L; CR current tax).

Thanks for the support and time you take to explain us our doubts Mike!

Cheers!