Intermediate_Accounting_Kieso_C20

Intermediate_Accounting_Kieso_C20 - CHAPTER 20 Accounting...

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Unformatted text preview: CHAPTER 20 Accounting for Income Taxes ASSIGNMENT CLASSIFICATION TABLE Topics Questions Brief Exercises Exercises Problems Cases 1. Reconcile pretax finan- cial income with taxable income. 1, 13 1 1, 2, 4, 7, 12, 18, 20, 21 1, 2, 3, 8 2. Identify temporary and permanent differences. 3, 4, 5 4, 5, 6, 7 3, 4, 5 3. Determine deferred in- come taxes and related itemssingle tax rate. 6, 7, 13 2, 3, 4, 5, 6, 8 1, 3, 4, 5, 7, 8, 12, 14, 15, 19, 21, 23, 25 3, 8, 9 2 4. Classification of deferred taxes. 10, 11, 12 7 7, 11, 16, 20, 21, 22, 24, 25, 26 1, 3, 4 2, 3, 5 5. Determine deferred in- come taxes and related itemsmultiple tax rates, expected future income. 9, 10, 14 2, 13, 16, 17, 18, 20, 22, 24 1, 2, 4, 6, 7 1, 6, 7 6. Determine deferred taxes, multiple rates, expected future losses. 11, 14 4 7. Carryback and carryfor- ward of actual NOL. 14, 15, 18 11, 12, 13 9, 10, 26, 27, 28 5 8. Change in enacted future tax rate. 14 16 2, 7 9. Tracking temporary differ- ences through reversal. 9 8, 17, 23 2, 7 20-1 ASSIGNMENT CLASSIFICATION TABLE (Continued) Topics Questions Brief Exercises Exercises Problems Cases 10. Income statement presentation. 9 1, 2, 3, 4, 5, 7, 10, 12, 16, 18, 21, 26, 27, 28 2, 3, 5, 7, 8, 9 11. Conceptual issues tax allocation. 1, 2, 8 1, 2, 7 12. Valuation allowance deferred tax asset. 8, 19 7, 14, 15 13. Disclosure and other issues. 15, 18 20-2 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E20-1 One temporary difference, future taxable amounts, one rate, no beginning deferred taxes. Simple 15-20 E20-2 Two temporary differences, future deductible amounts, one rate, no beginning deferred taxes. Simple 15-20 E20-3 One temporary difference, future taxable amounts, one rate, beginning deferred taxes. Simple 15-20 E20-4 Three differences, compute taxable income, entry for taxes. Simple 15-20 E20-5 Two temporary differences, one rate, beginning deferred taxes. Simple 15-20 E20-6 Identify temporary or permanent differences. Simple 10-15 E20-7 Terminology, relationships, computations, entries. Simple 10-15 E20-8 One temporary difference through three years, one rate. Simple 10-15 E20-9 Carryback and carryforward of NOL, no valuation account, no temporary differences. Simple 15-20 E20-10 Two NOLs, no temporary differences, no valuation account, entries and income statements. Moderate 20-25 E20-11 Three differences, classify deferred taxes. Simple 10-15 E20-12 Two temporary differences, one rate, beginning deferred taxes, compute pretax financial income. Complex 20-25 E20-13 One difference, multiple rates, effect of beginning balance versus no beginning deferred taxes. Simple 20-25 E20-14 Deferred tax asset with and without valuation account. Moderate 20-25 E20-15 Deferred tax asset with previous valuation account. Complex 20-25 E20-16 Deferred tax liability, change in tax rate, prepare section of income statement....
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Intermediate_Accounting_Kieso_C20 - CHAPTER 20 Accounting...

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