Course: Accounting Within financial statements under IFRS standards, there is obviously not typical tax balance sheet (8 columns). a) Why is it still being prepared? b) Is it possible to transfer this tax balance sheet to other financial statements under IFRS? From another point of view, is it easy to prepare income tax statement ONLY with financial statements under international standards (IFRS)?
Course: Accounting Within financial statements under IFRS standards, there is obviously not typical tax balance sheet (8 columns). a) Why is it still being prepared? b) Is it possible to transfer this tax balance sheet to other financial statements under IFRS? From another point of view, is it easy to prepare income tax statement ONLY with financial statements under international standards (IFRS)?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Course: Accounting
Within financial statements under IFRS standards, there is obviously not typical tax
a) Why is it still being prepared?
b) Is it possible to transfer this tax balance sheet to other financial statements under IFRS? From another point of view, is it easy to prepare income tax statement ONLY with financial statements under international standards (IFRS)?
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