A fully franked cash divident of 21009 was received from


1. a fully franked cash divident of 21009 was received from ABC finance pyt ltd.

2. an amount of 57000 was paid on 1 march 2016 for two years rental of storage space. the lease expires on 28 February 2018.in company account 9500 was expensed and 47500 was capitalised.

3. on 1 july 2016 managing director of ABC commenced three months of long service leave and was paid 22000 in advance and the amount was debitex against a provisional for long service leave in company account.

What adjustment should be made to the company's reported profit for tax purpose in regard to the item 1,2 and 3?

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Financial Accounting: A fully franked cash divident of 21009 was received from
Reference No:- TGS01607739

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