Question 4
On 1 July 2017, Bright Star Ltd was incorporated. The accounting profit and other relevant information of Bright Star for the three years to 2019 are as follows:
The company tax rate is 30%.
Required
(a) Calculate the current and deferred tax of Bright Star Ltd for each year, 2018 and 2019
(b) Prepare the required tax journal entries for each year.
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