Solution-What amount of deferred tax liability should be

What amount of deferred tax liability should be reported

Reference no: EM132696933

Problem 1: Bramble Corp. follows IFRS and began operations in 2020 and reported accounting income of $281,000 for the year. Bramble's CCA exceeded its book depreciation by $35,600. Bramble's tax rate for 2020 and years thereafter is 30%. In its December 31, 2020 statement of financial position (SFP), what amount of deferred tax liability should be reported?

Reference no: EM132696933

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What amount of deferred tax liability should be reported

Reference no: EM132696933

Reference no: EM132696933

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