Create the current tax worksheet and the journal entry

Assignment Help Accounting Basics

Reference no: EM132835805

Question - The CFO of Pfizer Anti Ltd has provided you the following data:

Accounting profit (loss) ($74,500)

After debiting as expense

Goodwill impairment loss $5000

Entertainment costs $15000

Donation to political party $30000

Depreciation expense-plant $50000

For tax purposes

Tax depreciation for plant $25000

Long service leave paid $10000

Create the Current tax worksheet and the Journal entry to record current tax liability on 30 June 2020.

Reference no: EM132835805

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