University (Accounting for income taxes) Company Accounting Fichas sobre Untitled_8, creado por Nafisa Zahra el 12/10/2013.
|
Creado por Nafisa Zahra
hace alrededor de 11 años
|
|
Cerrar
|
|
Creado por Nafisa Zahra
hace alrededor de 11 años
|
|
What is the formula to find the tax base of an asset?
A company has accounts receivable of $300,000 and an associated doubtful debts allowance of $60,000. The revenue associated with the accounts receivable of $300,000 has already been included in taxable income. The doubtful debts will be deductible when the amount is actually written off as bad debts. T.R.= 30%, what is temporary difference?
Why does the deferred tax asset arise with accounts receivables which have associated bad debts?
A company has a liability for employee benefits (relating to long service leave) with a carrying value of $500,000, which will be deductible when the amounts are actually paid. The company also has accrued wages with a carrying value of $300,000, which has already been claimed as a deduction for tax purposes
Prepaid Insurance gives rise to what?
What is the entry for income tax for revalued assets
What are the year end journal entries to account for tax
