Ans 4. Customer’s complaint relating to:
Ans 5: Quality index
Ans 6: Strength: Internal audit will help in rectifying the step as and when it goes wrong.
Weakness: It is hard to measure the yeast temperature and whether it has been suspended fully or not.
Ans c) Pros and cons of implementing a balanced scorecard:
Ans a) $923 million
Ans b) Income tax of the company is recognized by adjusting for the accounting profits i.e. taxable income. The taxes are determined according to the requirement of the Australian Board of Taxation Voluntary code of Transparency. It is the sum of deferred and current income tax expense.
Income taxes are determined in the income statement of the company. These are required to be recognized and paid as they are mandatory as per the law of Australian taxation.
Ans c) 2 temporary differences that can be reported in the company:
Ans d) Income tax paid is $956.
Deferred tax assets
Deferred tax liability
Ans f)- Income tax expenses are the overall expense of the tax that is recognized without considering the temporary difference while current tax expenses considers all the temporary differences that are recognized like property plant and equipment, intangible assets, deferred cost of contracts, trade and other payables, provision for entitlements of employees.
The amount for income tax expense = $923 million
While the current tax expenses stand at = $953 million
Ans g) The key subsidiaries of the company are as follows:
These are all wholly own subsidiary of Telstra Ltd. The company has full control over them.
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