3. Flower Plc has the following projected information: Year ended Profit before Capital allowances Depreciation 31 December depreciation 180,000 172,800 158,400 144,000 2015 57,600 11,520 11,520 80,640 11,520 46,080 34,560 23,040 2016 2017 2018 The tax rate for Flower Plc is 35%. There is no deferred tax balance brought forward as at 1 January 2015. (c) Show the tax and deferred tax in the income statements and the deferred tax in the statements of financial position for Flower Plc for the years 2015 to 2018 under the flow through method and the full provision method.

3. Flower Plc has the following projected information: Year ended Profit before Capital allowances Depreciation 31 December depreciation 180,000 172,800 158,400 144,000 2015 57,600 11,520 11,520 80,640 11,520 46,080 34,560 23,040 2016 2017 2018 The tax rate for Flower Plc is 35%. There is no deferred tax balance brought forward as at 1 January 2015. (c) Show the tax and deferred tax in the income statements and the deferred tax in the statements of financial position for Flower Plc for the years 2015 to 2018 under the flow through method and the full provision method.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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