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Answers

Example 2 cont.

Statement of financial position

$

Non-current liabilities
1
3
Deferred taxation (W1) (17,000 + 1,900 ) 18,900
Current liabilities
2
Taxation (per question) 26,000

Statement of profit or loss

3
1
2
Income tax expense (2,200 + 26,000 +1,900 ) (30,100)

325