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What total for income tax expense that should be disclosed

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Reference no: EM132858886

After applying AASB112 Income Taxes, Jody Ltd disclosed the following: Income tax expense (Current) $20,500 (Dr) and Income tax expense (Deferred) $5,300 (Cr).

Jody Ltd had a profit before tax of $75,000. The company income tax rate is 30%.

Problen 1: The total for income tax expense that should be disclosed on the Statement of Profit or Loss and Other Comprehensive Income is:

Select one:

a. $15,200 (Dr)

b. $25,800 (Dr)

c. $4,560 (Dr)

d. $22,500 (Dr)

Reference no: EM132858886

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