. The following information relating to taxation appears in the records of Stapley:
$
Balance on income tax account on 1 January 20X2 187,500
Income tax paid in 20X2 in full settlement for the year
ended 31 December 20X1 194,300
Estimated income tax for the year ended 31 December 20X2 137,600
What is the current tax liability to be included in Stapley’s statement of financial position as at 31 December 20X2?
$194,300
$144,400
$137,600
$130,800
Ask the Tutor ACCA FR
INcome tax
2y ago#1Hi,
You will need to show me how you have attempted this question and what answer you got so that I can then help. I'm not here to just answer questions outright for you. It is better for your learning to attempt the question first, even if you get it wrong, as it helps you understand what you do know and what you don't know.
I'm here to help once you've done that.
Thanks
187500-194300+137600=130900
2y ago#3Correct calculation method but think the answer should then be 130,800.
Sign into reply to this topic.