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
升级会员 