Using Sheet 3 (“Calculating DTA_DTL 2019”), calculate the Deferred Tax Asset and Deferred Tax Liability balances as at 30th June 2019 – show all relevant workings.
Student ID Input student ID here: 218447526 Background Information: As reported in the statement of comprehensive income of Wonderland Ltd (a manufacture company) for the year ended 30 June 2019: The profit before tax amounted to: $12,570,000 and included the following revenue and expense items: Rent revenue $392,000 Government grant received $707,000 Doubtful debts expense […]