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Compute the amount of tax paid during the year

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Reference no: EM132730453

Problem - The current tax liability shown in a company's statement of financial position at 31 December 2019 is £392,000. The comparative figure at 31 December 2018 was £355,000.

The tax expense shown in the statement of comprehensive income for the year to 31 December 2019 is £410,000. A transfer of £5,000 was made to the deferred tax account during the year.

Required - Compute the amount of tax paid during the year to 31 December 2019?

Reference no: EM132730453

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