ch19[1] - CHAPTER 19 Accounting for Income Taxes ASSIGNMENT...

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Unformatted text preview: CHAPTER 19 Accounting for Income Taxes ASSIGNMENT CLASSIFICATION TABLE Topics Questions Brief Exercises Exercises Problems Cases 1. Reconcile pretax financial 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. 2, 3, 4, 5 4, 5, 6, 7 3, 4, 5 3. Determine deferred income taxes and related items single tax rate. 6, 7, 13 2, 3, 4, 5, 6, 7, 9 1, 3, 4, 5, 7, 8, 12, 14, 15, 19, 21, 23, 25 3, 4, 8, 9 2 4. Classification of deferred taxes. 10, 11, 12, 8, 15 7, 11, 16, 18, 19, 20, 21, 22 1, 3, 6 2, 3, 5 5. Determine deferred income taxes and related items multiple tax rates, expected future income. 10 2, 13, 16, 17, 18, 20, 22 1, 2, 6, 7 1, 6, 7 6. Determine deferred taxes, multiple rates, expected future losses. 10 7. Carryback and carryforward of actual NOL. 14, 16, 17, 18, 12, 13, 14 9, 10, 23, 24, 25 5 8. Change in enacted future tax rate. 14 11 16 2, 7 9. Tracking temporary differences through reversal. 9 8, 17, 25 2, 7 10. Income statement presentation. 9 1, 2, 3, 4, 5, 7, 10, 12, 16, 23, 24, 25 2, 3, 5, 7, 8, 9 11. Conceptual issues tax allocation. 1, 2, 8 1, 2, 7 12. Valuation allowance deferred tax asset. 8 7, 14, 15 13. Disclosure and other issues. 15 19-1 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E19-1 One temporary difference, future taxable amounts, one rate, no beginning deferred taxes. Simple 15-20 E19-2 Two differences, no beginning deferred taxes, tracked through 2 years. Simple 15-20 E19-3 One temporary difference, future taxable amounts, one rate, beginning deferred taxes. Simple 15-20 E19-4 Three differences, compute taxable income, entry for taxes. Simple 15-20 E19-5 Two temporary differences, one rate, beginning deferred taxes. Simple 15-20 E19-6 Identify temporary or permanent differences. Simple 10-15 E19-7 Terminology, relationships, computations, entries. Simple 10-15 E19-8 Two temporary differences, one rate, three years. Simple 10-15 E19-9 Carryback and carryforward of NOL, no valuation account, no temporary differences. Simple 15-20 E19-10 Two NOLs, no temporary differences, no valuation account, entries and income statements. Moderate 20-25 E19-11 Three differences, classify deferred taxes. Simple 10-15 E19-12 Two temporary differences, one rate, beginning deferred taxes, compute pretax financial income. Complex 20-25 E19-13 One difference, multiple rates, effect of beginning balance versus no beginning deferred taxes. Simple 20-25 E19-14 Deferred tax asset with and without valuation account. Moderate 20-25 E19-15 Deferred tax asset with previous valuation account. Complex 20-25 E19-16 Deferred tax liability, change in tax rate, prepare section of income statement....
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This note was uploaded on 05/31/2011 for the course ACC 1151 taught by Professor Mo during the Spring '11 term at Western Michigan.

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ch19[1] - CHAPTER 19 Accounting for Income Taxes ASSIGNMENT...

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