Unit 5 Chapter 15 Intermediate accounting

Unit 5 Chapter 15 Intermediate accounting - CHAPTER 15...

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Unformatted text preview: CHAPTER 15 Accounting for Income Taxes ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems 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. 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 4. Classification of deferred taxes. 10, 11, 12 15 7, 11, 16, 18, 19, 20, 21, 22 3, 6 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 6. Determine deferred taxes, multiple rates, expected future losses. 10 7. Carryback and carryforward of NOL. 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 2, 7 10. Income statement presentation. 9 8 1, 2, 3, 4, 5, 7, 10, 12, 16, 19, 23, 24, 25 1, 2, 3, 5, 7, 8, 9 11. Conceptual issues tax allocation. 1, 2, 8 12. Valuation allowance deferred tax asset. 8 7 7, 14, 15, 23, 24, 25 13. Disclosure and other issues. 15 2008 For Instructor Use Only 15-1 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Brief Exercises Exercises Problems 1. Identify differences between pretax financial income and taxable income. 1, 2, 5 2. Describe a temporary difference that results in future taxable amounts. 1, 2, 4, 9, 10 1, 2, 3, 4, 5, 7, 8, 11, 12, 13, 16, 17, 18, 19, 20, 21, 22 1, 3, 4, 6, 7, 8, 9 3. Describe a temporary difference that results in future deductible amounts. 5, 6, 9 4, 5, 7, 8, 11, 12, 14, 15, 17, 18, 19, 20, 21, 22 1, 2, 4, 6, 8, 9 4. Explain the purpose of a deferred tax asset valuation allowance. 7, 14 7, 14, 15, 23, 24, 25 5. Describe the presentation of income tax expense in the income statement. 4, 6, 8 1, 3, 4, 5, 8, 12, 15, 16 1, 2, 3, 4, 5, 7, 8, 9 6. Describe the various temporary and permanent differences. 4, 6, 7 2, 3, 9 7. Explain the effect of various tax rates and tax rate changes on deferred income taxes. 11 13, 16, 17, 18, 21, 23, 24, 25 5, 7 8. Apply accounting procedures for a loss carryback and a loss carryforward. 12, 13, 14 9, 10, 23, 24, 25 5 9. Describe the presentation of deferred income taxes in financial statements. 3, 15 8, 11, 16, 19, 20, 21, 22 3, 5, 6, 8, 9 10. Indicate the basic principles of the asset- liability method. 2008 For Instructor Use Only 15-2 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E15-1 One temporary difference, future taxable amounts, one rate, no beginning deferred taxes....
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This note was uploaded on 03/11/2012 for the course BUSINESS AC501 taught by Professor Smith during the Spring '12 term at Kaplan University.

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Unit 5 Chapter 15 Intermediate accounting - CHAPTER 15...

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