中级会计学intermediateaccountingchapter18赖红宁课后答案

CHAPTER 18
ACCOUNTING FOR INCOME TAXES
CONTENT ANALYSIS OF EXERCISES AND PROBLEMS
Number Content Time Range
(minutes)
10-15
E18-1 Single Temporary Difference. Deferred tax liability. Higher
future tax rate. Scheduling. Preparation of income tax journal
entry.
10-15
E18-2 Temporary Difference. Depreciation. Preparation of income
tax journal entry. Balance sheet disclosure.
10-15
E18-3 Single Temporary Difference: Multiple Rates. Depreciation.
Lower future rates. Scheduling. Preparation of income tax
journal entry.
10-15
E18-4 Single Temporary Difference. Deferred tax asset. Beginning
balance. Preparation of income tax journal entry. Balance
sheet disclosure.
10-15
E18-5 Valuation Account. Deferred tax asset and valuation
allowance. Preparation of income tax journal entries and
partial income statement.
10-15
E18-6 Income Taxes. Fill in missing information for various current and
deferred income tax items.
15-20
E18-7 Originating and Reversing Difference. Preparation of income
tax journal entries for six years. Discuss originations and reversals.
15-20
E18-8 Multiple Temporary Differences. One deductible and one
taxable difference. Beginning balances. Preparation of
income tax journal entry.
10-15
E18-9 Operating Loss. Preparation of income tax journal entry and
partial income statement for carryback.
10-15
E18-10 Operating Loss. Preparation of income tax journal entries and
partial income statement for carryforward.
E18-11 Operating Loss. Preparation of income tax journal entries and
20-30 partial income statements for two years. Carryforward.
Discussion of election to forgo carryback.
Number Content Time Range
(minutes)
15-20
E18-12 Intraperiod Tax Allocation. Year-end journal entry. Income
statement. Statement of retained earnings.
15-20
E18-13 Intraperiod Income Taxes. Calculation. Journal entry. Income
statement.
15-25
E18-14 Intraperiod Tax Allocation. Income tax liability. Extraordinary
loss, loss from discontinued component, gain on disposal,
change in depreciation method, prior period error. Income
statement disclosure. Statement of retained earnings.
10-15
E18-15 Balance Sheet Disclosure. Presentation of income tax
disclosures.
10-15
E18-16 Change in Tax Rates. Correction of deferred tax liability.
Calculation of amount and preparation of journal entry.
10-20
P18-1 Temporary and Permanent Differences. Identification and
indication of result for various examples.
P18-2 Definitions. Matching of terms with definitions related to current
5-10 and deferred tax items.
P18-3 Multiple Temporary Differences. Estimated warranty expense,
15-20 depreciation. Preparation of income tax journal entry and
partial income statement. Balance sheet disclosure.
20-30
P18-4 Interperiod Tax Allocation: Change in Rate. Warranty expense,
depreciation, rent receipts, gross profit. Preparation of income
tax journal entry and condensed income statement.
Balance sheet disclosures.
25-35
P18-5 Interperiod Tax Allocation. Computation of taxable income
given various information. Preparation of income tax journal
entry. Discussion of permanent differences.
P18-6 Interperiod Tax Allocation: Change in Rate. Computation of
20-40 taxable income. Preparation of income tax journal entry and
condensed income statement.
25-40
P18-7 Deferred Tax Liability: Depreciation. Depreciation schedule,
deferred tax liability schedule. Preparation of income tax
journal entry. Explanation of change in deferred tax liability.
P18-8 Deferred Tax Liability: Depreciation. Depreciation schedule,
25-40 deferred tax liability schedule. Preparation of income tax
journal entries and lower portions of income statements.
Presentation of balance sheet disclosures.
30-40
P18-9 Deferred Taxes: Multiple Rates. One taxable and deductible
difference. Higher future tax rate. Scheduling. Preparation of
income tax journal entry and lower portion of income
statement. Preparation of income tax journal entries.
Number Content Time Range
(minutes)
30-45
P18-10 Operating Loss. Preparation of income statement and journal
entries for two years. Carryback and carryforward. Valuation
allowance.
30-45
P18-11 Operating Loss. Preparation of income statement and journal
entries for two years. Carryback and carryforward. No
valuation account.
25-35
P18-12 Balance Sheet Reporting and Tax Rate Changes. Balance
sheet disclosures. Correction of deferred tax items. Preparation
of income tax journal entry. Computation of income tax
expense.
30-40
P18-13 Comprehensive: Intraperiod and Interperiod Tax Allocation.
Allocation schedule. Preparation of income tax journal entry,
partial income statement, statement of retained earnings.
Balance sheet disclosures.
30-40
P18-14 Comprehensive: Interperiod and Intraperiod Tax Allocation.
Preparation of income tax journal entry, partial income
statement, statement of retained earnings. Balance sheet
disclosures.
P18-15 Comprehensive: Operating Loss and Temporary Difference.
30-45 Income taxes payable, schedules of deferred tax information,
income tax journal entry, partial income statement, note
disclosure.
ANSWERS TO QUESTIONS
Q18-1 The objective of financial reporting is to provide useful information to decision makers about companies. This information is intended to enable investors to make
buy-hold-sell decisions. The overall objective of the Internal Revenue Code is to
obtain funds, in an equitable manner, in order to operate the federal government.
The Internal Revenue Code is also sometimes used to stimulate and regulate the
economy.
Q18-2 The five groups of possible differences between pretax financial income and taxable income (or between income tax expense and income taxes payable) are as follows:
1. Permanent differences. Items of revenue or expense that a corporation reports for
financial accounting purposes that it never reports for income tax purposes.
2. Temporary differences. Items of revenue or expense that a corporation reports for
financial accounting purposes in one period and for income tax purposes in an
earlier or later period.。