ch19income tax.docx
- 文档编号:25998257
- 上传时间:2023-06-17
- 格式:DOCX
- 页数:66
- 大小:45.50KB
ch19income tax.docx
《ch19income tax.docx》由会员分享,可在线阅读,更多相关《ch19income tax.docx(66页珍藏版)》请在冰豆网上搜索。
ch19incometax
CHAPTER19
ACCOUNTINGFORINCOMETAXES
IFRSquestionsareavailableattheendofthischapter.
TRUe-FALSe—Conceptual
AnswerNo.Description
F1.Taxableincome.
F2.Useofpretaxfinancialincome.
T3.Taxableamounts.
T4.Deferredtaxliability.
F5.Deductibleamounts.
T6.Deferredtaxasset.
F7.Needforvaluationallowanceaccount.
T8.Positiveandnegativeevidence.
F9.Computationofincometaxexpense.
T10.Taxabletemporarydifferences.
F11.Taxabletemporarydifferenceexamples.
T12.Permanentdifferences.
T13.Applyingtaxratestotemporarydifferences.
F14.Changeintaxrates.
F15.Accountingforalosscarryback.
T16.Taxeffectofalosscarryforward.
T17.Possiblesourceoftaxableincome.
T18.Classificationofdeferredtaxassetsandliabilities.
F19.Classificationofdeferredtaxaccounts.
F20.Methodusedforaccountingforincometaxes.
MultipleChoice—Conceptual
AnswerNo.Description
b21.Differencesbetweentaxableandaccountingincome.
c22.Differencesbetweentaxableandaccountingincome.
b23.Determinationofdeferredtaxexpense.
a24.Differencesarisingfromdepreciationmethods.
aP25.Temporarydifferenceandarevenueitem.
bS26.Effectoffuturetaxableamount.
cP27.Causesofadeferredtaxliability.
dS28.Distinctionbetweentemporaryandpermanentdifferences.
bS29.Identificationofdeductibletemporarydifference.
cS30.Identificationoftaxabletemporarydifference.
dS31.Identificationoffuturetaxableamounts.
c32.Identifyapermanentdifference.
d33.Identificationofpermanentdifferences.
d34.Identificationoftemporarydifferences.
d35.Differenceduetotheequitymethodofinvestmentaccounting.
b36.Differenceduetounrealizedlossonmarketablesecurities.
a37.Identificationofdeductibletemporarydifferences.
d38.Identificationoftemporarydifference.
MultipleChoice—Conceptual(cont.)
AnswerNo.Description
cS39.Accountingforchangeintaxrate.
c40.Appropriatetaxratefordeferredtaxamounts.
b41.Recognitionoftaxbenefitofalosscarryforward.
a42.Recognitionofvaluationaccountfordeferredtaxasset.
d43.Definitionofuncertaintaxpositions.
c44.Recognitionoftaxbenefitwithuncertaintaxposition.
d45.Reasonsfordisclosureofdeferredincometaxinformation.
c46.Classificationofdeferredincometaxonthebalancesheet.
b47.Classificationofdeferredincometaxonthebalancesheet.
d48.Basisforclassificationascurrentornoncurrent.
d49.IncomestatementpresentationofataxbenefitfromNOLcarryforward.
cS50.Classificationofadeferredtaxliability.
c51.Proceduresforcomputingdeferredincometaxes.
PThesequestionsalsoappearintheProblem-SolvingSurvivalGuide.
SThesequestionsalsoappearintheStudyGuide.
*ThistopicisdealtwithinanAppendixtothechapter.
MultipleChoice—Computational
AnswerNo.Description
c52Calculatebookbasisandtaxbasisofanasset.
b53.Calculatedeferredtaxliabilitybalance.
a54.Calculatecurrent/noncurrentportionsofdeferredtaxliability.
a55.Calculateincometaxexpensefortheyear.
d56.Calculateamountofdeferredtaxassettoberecognized.
c57.Calculatecurrentdeferredtaxliability.
b58.Determineincometaxespayablefortheyear.
d59.Calculateamountofdeferredtaxassettoberecognized.
c60.Calculatecurrent/noncurrentportionsofdeferredtaxliability.
d61.Calculateamountdeductedfordepreciationonthetaxreturn.
b62.Calculateamountofdeferredtaxassettoberecognized.
d63.Calculatedeferredtaxassetwithtemporaryandpermanentdifferences.
a64.CalculateamountofDTAvaluationaccount.
a65.Calculatecurrentportionofprovisionforincometaxes.
a66.Calculatedeferredportionofincometaxexpense.
c67.Computationoftotalincometaxexpense.
a68.Calculateinstallmentaccountsreceivable.
b69.Computationofpretaxfinancialincome.
a70.Calculatedeferredtaxliabilityamount.
a71.Calculateincometaxexpensefortheyear.
d72.Calculateincometaxexpensefortheyear.
b73.Computationofincometaxexpense.
c74.Computationofincometaxexpense.
d75.Computationofwarrantyclaimspaid.
b76.Calculatetaxableincomefortheyear.
d77.Calculatedeferredtaxassetamount.
b78.Calculatedeferredtaxliabilitybalance.
b79.Calculateincometaxespayableamount.
MultipleChoice—Computational(cont.)
AnswerNo.Description
a80.Calculatedeferredtaxassetamount.
b81.Calculatetaxableincomefortheyear.
b82.Calculatepretaxfinancialincome.
a83.Calculatedeferredtaxliabilitywithchangingtaxrates.
c84.Calculatedeferredtaxliabilityamount.
d85.Calculateincometaxexpensewithchangingtaxrates.
b86.Determinechangeindeferredtaxliability.
b87.Calculatedeferredtaxliabilitywithchangingtaxrates.
d88.CalculatelosstobereportedafterNOLcarryback.
d89.CalculatelosstobereportedafterNOLcarryback.
b90.CalculatelosstobereportedafterNOLcarryforward.
a91.DetermineincometaxrefundfollowinganNOLcarryback.
a92.CalculateincometaxbenefitfromanNOLcarryback.
d93.CalculateincometaxpayableafterNOLcarryforward.
c94.CalculatedeferredtaxassetafterNOLcarryforward.
MultipleChoice—CPAAdapted
AnswerNo.Description
a95.Determinecurrentincometaxliability.
a96.Determinecurrentincometaxliability.
c97.Deferredtaxliabilityarisingfromdepreciationmethods.
d98.Deferredtaxliabilitywhenusingequitymethodofinvestmentaccounting.
d99.Calculatedeferredtaxliabilityandincometaxescurrentlypayable.
b100.Determinecurrentincometaxexpense.
a101.Deferredincometaxliabilityfromtemporaryandpermanentdifferences.
a102.Deferredtaxliabilityarisingfrominstallmentmethod.
c103.Differencesarisingfromdepreciationandwarrantyexpenses.
c104.Deferredtaxassetarisingfromwarrantyexpenses.
Exercises
ItemDescription
E19-105Computationoftaxableincome.
E19-106Futuretaxableanddeductibleamounts(essay).
E19-107Deferredincometaxes.
E19-108Deferredincometaxes.
E19-109Recognitionofdeferredtaxasset.
E19-110Permanentandtemporarydifferences.
E19-111Permanentandtemporarydifferences.
E19-112Temporarydifferences.
E19-113Operatinglosscarryforward.
PROBLEMS
ItemDescription
P19-114Differencesbetweenaccountingandtaxableincomeandtheeffectondeferredtaxes.
P19-115Multipletemporarydifferences.
P19-116Deferredtaxasset.
P19-117Interperiodtaxallocationwithchangeinenactedtaxrates.
CHAPTERLEARNINGOBJECTIVES
1.Identifydifferencesbetweenpretaxfinancialincomeandtaxableincome.
2.Describeatemporarydifferencethatresultsinfuturetaxableamounts.
3.Describeatemporarydifferencethatresultsinfuturedeductibleamounts.
4.Explainthepurposeofadeferredtaxassetvaluationallowance.
5.Describethepresentationofincometaxexpenseintheincomestatement.
6.Describevarioustemporaryandpermanentdifferences.
7.Explaintheeffectofvarioustaxratesandtaxratechangesondeferredincometaxes.
8.Applyaccountingproceduresforalosscarrybackandalosscarryforward.
9.Describethepresentationofdeferredincometaxesinfinancialstatements.
10.Indicatethebasicprinciplesoftheasset-liabilitymethod.
*11.Understandandapplytheconceptsandproceduresofinterperiodtaxallocation.
SUMMARYOFLEARNINGOBJECTIVESBYQUESTIONS
Item
Type
Item
Type
Item
Type
Item
Type
Item
Type
Item
Type
Item
Type
LearningObjective1
1.
TF
21.
MC
23.
MC
96.
MC
114.
P
116.
P
2.
TF
22.
MC
95.
MC
105.
E
115.
P
LearningObjective2
3.
TF
P25.
MC
54.
MC
97.
MC
107.
E
115.
P
4.
TF
52.
MC
55.
MC
98.
MC
108.
E
116.
P
24.
MC
53.
MC
58.
MC
106.
E
114.
P
LearningObjective3
5.
TF
59.
MC
63.
MC
108.
E
114.
P
6.
TF
61.
MC
106.
E
109.
E
115.
P
56.
MC
62.
MC
107.
E
113.
E
116.
P
LearningObjective4
7.
TF
8.
TF
64.
MC
LearningObjective5
9.
TF
65.
MC
67.
MC
100.
MC
S26.
MC
66.
MC
99.
MC
113.
E
LearningObjective6
10.
TF
S29.
MC
34.
MC
68.
MC
73.
MC
78.
MC
110.
E
11.
TF
S30.
MC
35.
MC
69.
MC
74.
MC
79.
MC
111.
E
12.
TF
S31.
MC
36.
MC
70.
MC
75.
MC
80.
MC
112.
E
P27.
MC
32.
MC
37.
MC
71.
MC
76.
MC
81.
MC
114.
P
S28.
MC
33.
MC
38.
MC
72.
MC
77.
MC
82.
MC
116.
P
LearningObjective7
13.
TF
S39.
MC
83.
MC
85.
MC
87.
MC
14.
TF
40.
MC
84.
MC
86.
MC
117.
P
LearningObjective8
15.
TF
17.
TF
42.
MC
89.
MC
91.
MC
93.
MC
113.
E
16.
TF
41.
MC
88.
MC
90.
MC
92.
MC
94.
MC
LearningObjective9
18.
TF
44.
MC
47.
MC
S50.
MC
100.
MC
103.
MC
19.
TF
45.
MC
48.
MC
57.
MC
101.
MC
104.
MC
43.
MC
46.
MC
49.
MC
60.
MC
102.
MC
116.
P
LearningObjective10
20.
TF
51.
MC
Note:
TF=True-False
MC=MultipleChoice
E=Exercise
P=Problem
TRUE-FALSE—Conceptual
1.Taxableincomeisataxaccountingtermandisalsoreferredtoasincomebeforetaxes.
2.Pretaxfinancialincomeistheamountusedtocomputeincometaxpayable.
3.Taxableamountsincreasetaxableincomeinfutureyears.
4.Adeferredtaxliabilityrepresentstheincreaseintaxespayableinfutureyearsasaresultoftaxabletemporarydifferencesexistingattheendofthecurrentyea
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- ch19income tax