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Income tax payable for the year $75,000
Over provision in relation to the previous year $5,400
What is the income tax expense that will be shown in the statement of profit or loss for the year?
Opening provision for deferred tax $3,200
Closing provision for deferred tax $4,100
What is the tax liability recognised in Cola Co's statement of financial position for the year ended 31 December 2019?
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