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Identify frannie ltd will incurred deferred tax asset

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Reference no: EM132531593

Frannie Ltd made credit sales for this period of $100 000. The allowance for doubtful debts for these sales is $3000. For taxation purposes the amount provided for doubtful debts is not tax-deductible and the taxation office has included the $100 000 in taxable income. The tax rate is 30%.

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Question 1: Identify whether Frannie Ltd will incurred Deferred tax asset or liability and the amount of the deffered tax

Reference no: EM132531593

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