, ACCO 320 solution manual CHAPTER 18 INCOME TAXES Tenth
Canadian Kieso, Weygandt, Warfield, Young, Wiecek, McConomy
Edition
CHAPTER 18 INCOME TAXES
ASSIGNMENT CLASSIFICATION TABLE
Brief Writing
Topics Exercises Exercises Problems Assignments
1. Income taxes from 1 4
a business perspective.
2. Difference between 2, 3, 4, 5 1, 2, 3, 4, 5, 1, 2, 3, 5, 1, 2, 3
accounting income 6, 7, 8, 9, 10, 6, 7, 8, 9,
and taxable 11, 12, 13, 10, 11,
income, calculate 14, 15, 16, 13, 14, 15
taxable income. 17, 18, 19
3. Taxable temporary 4, 6, 7 4, 5, 6, 7, 8, 1, 2, 3, 5,
differences, 9, 10, 11, 12 6, 7, 8, 9,
calculation of 13, 14, 15
deferred/future income tax
liabilities.
4. Deductible 8, 9 4, 5, 6, 7, 8, 1, 2, 3, 5,
temporary 13, 14, 15, 6, 7, 8, 9,
differences, 16, 17 13, 14, 15
calculation of
deferred/future
income tax assets.
5. Deferred/future 3, 4, 5, 6, 7, 5, 6, 7, 8, 9, 1, 3, 4, 5,
income tax 9, 10, 11 10, 11, 12, 6, 7, 8, 9,
balances. 13, 14, 15, 10, 11,
16, 17, 18 13, 14, 15
6. Multiple tax rates, 12 12, 16, 17, 2, 3, 4, 14 5, 6
tax rate changes. 19, 20
7. Loss carrybacks. 13, 14, 15, 21, 22, 23, 24 12
16, 17
,ASSIGNMENT CLASSIFICATION TABLE (CONTINUED)
Brief Writing Assignments
Topics Exercises Exercises Problems
8. Loss carryforwards. 14, 15, 16, 22, 23, 24 12, 15
17
9. Valuation of deferred/future tax 24, 25, 26
asset.
10. Presentation and 18, 19, 20, 24, 27, 28, 1, 2, 3, 4, 1
disclosure of 21 29, 30, 31 5, 6, 7, 8,
income taxes. 9, 10, 11,
12, 13,
14, 15
11. Differences 21, 22 18, 29, 30, 31 1, 2, 3, 5, 1, 2,3, 6, 7
between IFRS and ASPE. 6, 7, 8, 9,
10, 11,
14
Please note: The simplifying assumption is made that all companies in the end-of-chapter brief
exercises, exercises and problems use the term ―deferred‖ rather than ―future‖ for the tax-related
accounts, even when applying ASPE.
, ASSIGNMENT CHARACTERISTICS TABLE
Level of Time
Item Description Difficulty (minutes)
E18-1 Terminology, relationships, calculations, entries. Simple 10-15
E18-2 One temporary difference through three years, one Simple 10-15
rate.
E18-3 Intraperiod tax allocation. Moderate 15-20
E18-4 Identify temporary or permanent differences and Simple 10-15
direction of adjustment. Moderate 20-25
E18-5 Two temporary differences, future taxable amounts, one Moderate 20-25
rate, no beginning deferred taxes. Moderate 20-25
E18-6 Two temporary differences, future taxable amounts, Simple 20-25
one rate, beginning deferred taxes. Simple 20-25
E18-7 Two temporary differences, future taxable amounts, Simple 15-20
change in rate. Simple 15-20
E18-8 Reversing and permanent, future taxable amounts, no Simple 15-20
beginning balances. Simple 15-20
E18-9 One temporary difference, future taxable amounts, one Simple 15-20
rate, no beginning deferred taxes, prepare statements Simple 15-20
E18-10 One temporary difference, future taxable amounts, one Moderate 20-25
rate, no beginning deferred taxes. Moderate 20-25
E18-11 One temporary difference, future taxable amounts, one
rate, beginning deferred taxes.
E18-12 One temporary difference, future taxable amounts,
change in rate.
E18-13 Permanent and reversing differences, calculate taxable
income, entry for income taxes.
E18-14 One temporary difference, future deductible amounts,
one rate, beginning deferred taxes.
E18-15 One temporary difference, future deductible amounts,
one rate, beginning deferred taxes.
E18-16 One temporary difference, future taxable amount
becomes future deductible amount, change in rate.
E18-17 One temporary difference, future deductible amounts,
change in rate
