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1 ifrs and us gaap follow similar approaches for accounting for taxation nevertheless differences in reported amounts
1 a company reports pretax accounting income of 10 million but because of a single temporary difference taxable income
1 kara fashions uses straight-line depreciation for financial statement reporting and macrs for income tax reporting
1 in 2011 ryan management collected rent revenue for 2012 tenant occupancy for financial reporting the rent is
1 refer to the situation described in be 16-4 suppose the unearned portion of the rent collected was 40 million at the
1 hypercom corporation is a provider of electronic card payment terminals peripherals network products and software in
differences between financial statement and taxable income were as followsthe cumulative temporary difference to date
1 shannon polymers uses straight-line depreciation for financial reporting purposes for equipment costing 800000 and
1 superior developers sells lots for residential development when lots are sold superior recognizes income for
1 during its first year of operations nilecom reported an operating loss of 15 million for financial reporting and tax
1 airparts corporation reported an operating loss of 25 million for financial reporting and tax purposes taxable income
1 first bank has some question as to the tax-free nature of 5 million of its municipal bond portfolio this amount is
1 southeast airlines had pretax earnings of 65 million including an extraordinary gain of 10 million the companys tax
question 1cvp analysis income taxes cma adapted r a ro and company a manufacturer of quality handmade walnut bowls has
1 refer to the situation described in be 16-15 suppose southeast airlines prepares its financial statements according
alvis corporation reports pretax accounting income of 400000 but due to a single temporary difference taxable income is
on january 1 2008 ameen company purchased a building for 36 million ameen uses straight-line depreciation for financial
ayres services acquired an asset for 80 million in 2011 the asset is depreciated for financial reporting purposes over
in 2011 dfs medical supply collected rent revenue for 2012 tenant occupancy for income tax reporting the rent is taxed
lance lawn services reports bad debt expense using the allowance method for tax purposes the expense is deducted when
listed below are 10 causes of temporary differences for each temporary difference indicate the balance sheet account
four independent situations are described below each involves future deductible amounts andor future taxable amounts
eight independent situations are described below each involves future deductible amounts andor future taxable amounts
at the end of 2010 payne industries had a deferred tax asset account with a balance of 30 million attributable to a