au.investing.com/equities/commonwealth-bank-of-australia-income-statement Investing.com Search the website. Sign Insights Premium Crypto Charts News Analysis Technicals Markets ♥ Brokers Tools Stocks Stock Screener Australia World ADRS Australia ADRS Americas Europe Middle East Asia/Pacific Period Ending: 31/12 31/12 90/0E 90/08 Net Interest Income 9371 9317 9350 9868 17073 Interest Income, Bank 12786 14277 15946 Total Interest Expense 3415 9699 649 096V L808 Loan Loss Provision 882 6981 Net Interest Income After Loan Loss Provision 8489 7448 8362 TOL8 Non-Interest Income, Bank 2565 2182 2764 3079 0609- 5351 Non-Interest Expense, Bank -5538 -5251 Net Income Before Taxes 5387 4092 6214 Provision for Income Taxes 1610 1206 1762 09ST 3791 Net Income After Taxes 4452 LLLE Minority Interest 9- Equity In Affiliates U.S GAAP Adjustment Net Income Before Extraordinary Items 3777 2886 4452 3785 Total Extraordinary Items CFD-EOS C 587 00TT 4877 60LT Net Income 3473 6161 3972 CFD Trac Please r International Total Adjustments to Net Income Income Available to Common Excluding Extraordinary Items 2886 4452 3785 LLLE Dilution Adjustment 146 144. 9ST Soos 1930 Diluted Net Income 3619 6305 4128 Diluted Weighted Average Shares 1888 006T Diluted EPS Excluding Extraordinary Items 2.02 2.43 DPS - Common Stock Primary Issue 1.5 0.98 2.31 Stocks 2. Diluted Normalized EPS 2.43 60 Apple In Millions of AUD (except for per share items) CBA Com

Q: Define Effective tax rate.

A: Tax: Tax refers to a compulsory payment or a contribution to the state revenue, levied by the…

Q: Various Income Taxes: Should all types of income be taxed at the same rate? First, relate the…

A: Taxable Income: It is a part of a person's gross income that should be taxed. It is also referred to…

Q: Explain the folllowing  a-  what is Income Taxa compliance b- Are Tax rates influence Income  Tax…

A: Income tax compliance refers to the act of following all applicable tax laws and regulations related…

Q: what is tax accounting?

A:

Q: An example of an expense classifi cation by function is: A . tax expense.

A: Expenses in the Income Statement are classified into two types: Expense by nature Expense by…

Q: Explain and what is the calculation of the following. Total Assessable income Deductions Total…

A: Tax has to be paid by all people and entities whose income or earnings crosses that minimum tax…

Q: Deductions from gross income are subtracted from gross income to derive taxable net income. TRUE OR…

A: Gross income is the aggregate total income that is received by a taxpayer that is not tax-exempt…

Q: Define Income tax paid

A: Income tax paid is a charge or payment made to the government by the individual or the firms in a…

Q: what are the two components of income tax expense

A: PLEASE LIKE THE ANSWER  Firstly, income tax expense means an amount of tax expense incurred on the…

Q: What categories of expenses are represented on the Schedule A for itemized deductions?

A: Definition: Income tax: Income tax refers to the direct tax levied on individual persons or…

Q: Where can authoritative IFRS related to the accounting for taxes be found?

A: Accounting changes include the change in methods or ways of accounting by the company, which will…

Q: deferred tax assets and deferred tax liabilities

A: The deferred tax assets and deferred tax liabilities arise due to the tax effect of timing…

Q: Income Taxation What did you learn in the subject income taxation

A: Learning from income tax   1) Income tax collection is maintained by the internal revenue services…

Q: The adjusted trial balance of Karise Repairs on December 31 follows. Number Account Title 101 124…

A: Financial statements are prepared at the end of an accounting period to assess the financial…

Q: Additional disclosures are required pertaining to the income tax expense reported in the income…

A: The company must disclose all additional information regarding the income tax expenses reported in…

Q: What is the taxable base for federal income taxes? a. Gross income b. Net worth c. Total assets d.…

A: Taxable base is the amount on which income taxes are calculated by applying the applicable rate.

Q: What is the name of the amount of money that can bededucted directly from the computed tax, instead…

A: Tax or Taxes: Tax is an amount paid by the persons (individuals and business entities) to a…

Q: Discuss the tax treatment for business and investment expenses.

A: Tax treatments usually explain the procedural computation tax liability of an individual by stating…

Q: Describe the presentation of deferred income taxes in financial statements.

A: Deferred tax asset: The deferred tax asset is the excess, overpaid, or paid in advance expenses.…

Q: Explain Pre-tax earnings or pre-tax income

A: The net income is the net profit of the company earned during the period. The net income includes…

Q: What is Income tax receivables?

A: Other receivables: Other receivables are the receivables other than the accounts receivable, and the…

Q: How would you differentiate items that are exempted from gross income and items deductible from…

A: Items exempted from gross income refers to income which need not be part of income while calculating…

Q: HOW filing status affect the preparation income tax return

A: Tax return :- A tax return is a form or series of forms submitted to the Internal Revenue Service…

Q: the relevent IPSAS used in accounting for tax revenue with illustration.

A: These are accounting standards made particularly for the public sector.

Q: How do I calculate the amount of sales tax that is included in total receipts?

A: Sales tax = Actual sales * Tax rate

Q: It is the sum of the amount of in deferred tax liability related to accounting income. a. Tax…

A: Income tax actual paid and income tax expenses some time differ because of deferred income tax.…

Q: True or false: Income tax expense may be disclosed either on the income statement or in the notes to…

A: The total amount of taxes owed to a taxation authority by an individual, corporation, or other…

Q: why is income tax expense shown in the income statement different from the income tax paid shown in…

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: Define provision for income taxes.

A: A provision for income taxes is the estimated amount that a business or individual taxpayer expects…

Q: Is input tax and output tax shown on the accounting worksheet?

A: 1. Input Tax - Input Tax is a tax on the purchase of the goods or expenses incurred. 2. Output Tax -…

Q: Explain the items of gross income and how to tax them: whether at gross or at net, further…

A: •Gross income means all the income earned by an individual from all thhe sources but before tax…

Q: enumerate the classification of income taxpayers and give example on each classification.

A: The term "taxpayer" is used to describe someone who pays taxes. A taxpayer is an individual or…

Q: Explain the income tax treatment of the interest accounts

A: Introduction: Interest is the financial charge for the benefit of borrowing money. Interest cost or…

Q: How are deffered tax adjustments recorderd in the profit and loss account?

A: The objective of this question is to understand how deferred tax adjustments are recorded in the…

Q: Define the term taxes payable.

A: Tax: Tax refers to a compulsory payment or a contribution to the state revenue, levied by the…

Deferred Tax

Deferred tax is an estimated future tax which is made while preparing accounts. It is estimated as a result of past and present transactions in the financial statements. It is not the actual tax which needs to be paid or refundable from the revenue authority, it is an accounting entry. It exists because of the difference between accounting profits and taxable profits.