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TAXATION

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › TAXATION

  • This topic has 0 replies, 1 voice, and was last updated 8 hours ago by starlitcircuit.
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  • May 25, 2025 at 12:35 am #717437
    starlitcircuit
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    HI ! I want to ask how to solve this question

    ABC Co’s trial balance shows a Deferred Tax Liability of $3.2 million and a credit balance of $2.1 million brought forward on current tax. In addition, the carrying amount of the net asset in excess of the tax base was valued at $8.2 million with a revaluation surplus of $3.6 million for the first time. The income tax and deferred tax rate is 25%. What is the amount of the income tax shown in ABC Co’s statement of profit and loss? (No decimals)

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