MC 16.88 – Sharp, current income tax payable
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Determine the amount to be reported by the company as its current income tax payable.
Determine the amount to be reported by the company as its current income tax payable.
Given pretax income and tax rate they ask you to determine the amount reported as the deferred tax asset for the NOL carryforward.
Given the pretax accounting income for three years along with the tax rate they ask you to identify the company’s net loss during the year.
Given pretax accounting income for three years along with the tax rate they ask you to calculate the company’s net income during the year.
Given the net operating loss, the pretax accounting number, and the tax rate… find the income tax payable.
Given pretax income or loss for three years along with the tax rate, they ask you to determine the income tax expense.
Given pretax income and the tax rate, they ask you to determine the company’s income tax expense for the year.
Given the service revenue, the collections, and the pretax accounting income for four years, prepare journal entries to record the income taxes.
Given the pretax accounting income, the taxable income, and the income tax rate … find the cumulative temporary difference along with the deferred tax asset for three years.
Given the cost of sold land, the amounts collected per year, the pretax income in year one, and the enacted tax rate… prepare journal entries for the income tax along with the deferred tax liability.