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Determine the amount of total income tax expense

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Question - XYZ Limited adopted tax effect accounting during the current financial period. When estimating the balance date adjustments at the end of the financial period the following information was determined: current tax liability $12000; deferred tax liability increased by $15000; deferred tax asset increased by $18000. Show your calculation to determine the amount of total income tax expense recognised by the company in the current period.

Reference no: EM132848587

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