Examlex

Solved

JetNew Has a Tax Rate of 35

question 2

Essay

JetNew has a tax rate of 35%. The controller has just calculated JetNew's accounting income (pre-tax) to be $560,000 for 2013. Taking into account the differences in calculation, JetNew's taxable income is $440,000. Prepare the journal entry to record JetNew's taxes for 2013 under IFRS.


Definitions:

Related Questions