Chapter 19 accounting for income taxes
Item
Description
Level of
Difficulty
Time
(minutes)
E19-1
One temporary difference, future taxable amounts, one rate, no beginning deferred taxes.
Simple
15–20
E19-2
Two differences, no beginning deferred taxes, tracked through
2 years.
Simple
15–20
E19-3
One temporary difference, future taxable amounts, one rate, beginning deferred taxes.
Simple
15–20
E19-4
Three differences, compute taxable income, entry for taxes.
Simple
15–20
E19-5
Two temporary differences, one rate, beginning deferred taxes.
Simple
15–20
E19-6
Identify temporary or permanent differences.
Simple
10–15
E19-7
Terminology, relationships, computations, entries.
Simple
10–15
E19-8
Two temporary differences, one rate, 3 years.
Simple
10–15
E19-9
Carryback and carryforward of NOL, no valuation account, no temporary differences.
Simple
15–20
E19-10
Two NOLs, no temporary differences, no valuation account, entries and income statement.
Moderate
20–25
E19-11
Three differences, classify deferred taxes.
Simple
10–15
E19-12
Two temporary differences, one rate, beginning deferred taxes, compute pretax financial income.
Complex
20–25
E19-13
One difference, multiple rates, effect of beginning balance versus no beginning deferred taxes.
Simple
20–25
E19-14
Deferred tax asset with and without valuation account.
Moderate
20–25
E19-15
Deferred tax asset with previous valuation account.
Complex
20–25
E19-16
Deferred tax liability, change in tax rate, prepare section of income statement.
Complex
15–20
E19-17
Two temporary differences, tracked through 3 years,
multiple rates.
Moderate
30–35
E19-18
Three differences, multiple rates, future taxable income.
Moderate
20–25
E19-19
Two differences, one rate, beginning deferred balance, compute pretax financial income.
Complex
25–30
E19-20
Two differences, no beginning deferred taxes, multiple rates.
Moderate
15–20
E19-21
Two temporary differences, multiple rates, future taxable income.
Moderate
20–25
E19-22
Two differences, one rate, first year.
Simple
15–20
E19-23
NOL carryback and carryforward, valuation account versus no valuation account.
Complex
30–35
E19-24
NOL carryback and carryforward, valuation account needed.
Complex
30–35
E19-25
NOL carryback and carryforward, valuation account needed.
Moderate
15–20
