Tor statem reporting, estimated losses on disposal of unused plant facilities of Rp1.500.000. The facilities were sold in March 2019 and a Rp1.500.000 loss was recognized for tax purposes. Also in 2018, ABC paid Rp100.000 in fines for violation of environmental regulations. Assuming that the enacted tax rate is 30% in both 2018 and 2019, and that ABC paid Rp780.000 in income taxes in 2018, the amount reported as net deferred income taxes on ABC's statement of financial position at December 31, 2018, should be a: Rp360.000 liability. Rp360.000 asset. Rp420.000 asset. O Rp450.000 asset.

Tor statem reporting, estimated losses on disposal of unused plant facilities of Rp1.500.000. The facilities were sold in March 2019 and a Rp1.500.000 loss was recognized for tax purposes. Also in 2018, ABC paid Rp100.000 in fines for violation of environmental regulations. Assuming that the enacted tax rate is 30% in both 2018 and 2019, and that ABC paid Rp780.000 in income taxes in 2018, the amount reported as net deferred income taxes on ABC's statement of financial position at December 31, 2018, should be a: Rp360.000 liability. Rp360.000 asset. Rp420.000 asset. O Rp450.000 asset.

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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