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What the unused tax loss is an example of

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Problem 1: Morganite Ltd has recorded a net profit for the 2020/21 financial year of 500,000. They are in the process of calculating their tax payable with their auditors. The auditors have reviewed the past financial statements and have identified that morganite ltd, has unused tax losses of 35,000 that can apply against this profit. The unused tax loss is an example of

Reference no: EM133011184

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