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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › INcome tax
. 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
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