The estimated corporation tax charges of Cherry Limited for the years ended 31 December 1996 and 31 December 1997 were 2,400 and 2,700 respectively. However, the final settlements were £2,200 and £2,800 respectively. What was the total corporation tax charge shown in the profit and loss account of Cherry Limited for the year ended 31 December 1997? A £2,500 B £2,600 C £2,700 D £2,800
The estimated corporation tax charges of Cherry Limited for the years ended 31 December 1996 and 31 December 1997 were 2,400 and 2,700 respectively. However, the final settlements were £2,200 and £2,800 respectively. What was the total corporation tax charge shown in the profit and loss account of Cherry Limited for the year ended 31 December 1997? A £2,500 B £2,600 C £2,700 D £2,800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The estimated corporation tax charges of Cherry Limited for the years ended 31
December 1996 and 31 December 1997 were 2,400 and 2,700 respectively. However, the
final settlements were £2,200 and £2,800 respectively.
What was the total corporation tax charge shown in the
Cherry Limited for the year ended 31 December 1997?
A £2,500
B £2,600
C £2,700
D £2,800
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