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What is the tax base of accounts receivable

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Reference no: EM131909880

Question - Company accounting:

1. A company has accounts receivable with an end of year balance of $11669. Its end of year balance in allowance for doubtful debts is $306. During the year it recorded a bad debt expense of $123 and wrote-off bad debts of $148. What is the tax base of accounts receivable at the end of the year?

2. A company has a balance in its provision for long service leave account of $19521 at the end of the year. During the year it recorded a long service leave expense of $704 and paid $680 for long service leave. What is the tax base for the provision for long service leave ta the end of the year?

Reference no: EM131909880

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