GYV Ltd has the following deffered tax balances as at 30 June 2019 DTA        $900000 DTL.       $700000 The above balances were calculated when rhe tax rate, was 20 percent. On 1 December 2019 the government raises the corporate tax rate to 25 percent Required Provide the journal entries to adjust the carry forward balances of The DTA and DTL

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Q: At December 31, 2018 PT ABC reported a deferred tax liability of Rp90.000 which was attributable to…

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Q: At the end of 2019, Sentry Company reported a deferred tax liability of $9,724 based on an income…

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Filing Federal Income Tax Return

A tax is the amount of money paid to the government on the revenue earned by the individual or business organization. It acts as an income for the government and an expense for the individual or business organization. There are different regulations regarding filing an income tax return in other countries.