MC 16.32 – Isaac Inc. Deferred Tax Liability
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Determine the deferred tax liability of the company reflected on the year-end balance sheet in the second year.
Determine the deferred tax liability of the company reflected on the year-end balance sheet in the second year.
Given the total sales, the collections, and the income tax rate… find the deferred tax liability.
Given the pretax accounting income, overweight fines, depreciation, and tax rate they ask you to determine the entry that should have been recorded.
Given the pretax accounting income, the overweight fines, and the depreciation they ask you to determine the company’s net income.
Determine the deferred tax assets and liabilities in the company’s balance sheet.
Given taxable income, tax return, and depreciation they ask you to determine the company’s pretax accounting income.
Given taxable income, deferred tax asset, deferred tax liability, and the tax rate… find the total income tax expense.
Given deferred tax liability, deferred tax assets, tax payable, and tax rate they ask you to determine the company’s total tax expense for the year.
Given taxable income, deferred tax liabilities, tax expense, and tax rate they ask you to determine the change in deferred tax assets.
Given pretax accounting income and rent received they ask you to identify the company’s taxable income.