[Type the document title]
SOLUTION MANUAL FOR INTERMEDIATE
ACCOUNTING, 18TH EDITION, BY DONALD E. KIESO,
JERRY J. WEYGANDT AND TERRY D. WARFIELD.
CHAPTER 1-23 LATEST UPDATE
Solutions Manual 18-1 Chapter 18
, [Type the document title]
SOLUTION MANUAL FOR INTERMEDIATE ACCOUNTING,
18TH EDITION, BY DONALD E. KIESO, JERRY J. WEYGAND
AND TERRY D. WARFIELD. CHAPTER 1-23 LATEST UPDATE
CHAPTER 18
INCOME TAXES
ASSIGNMENT CLASSIFICATION TABLE
Brief Writing
Topics Exercises Exercises Assignments
PROBLEMs
1. Income Taxes 1 4
FromA 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/Futu
reIncome 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,
Solutions Manual 18-2 Chapter 18
, [Type the document title]
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
60-75
Solutions Manual 18-3 Chapter 18
, [Type the document title]
SOLUTIONS TO BRIEF EXERCISES
BRIEF EXERCISE 18-1
(a) Higher Income Tax Expense Results In Lower Profits.
(b) Higher Income Taxes Paid Decreases Cash Flow From
Operations.
(c) Considering Only The Effect Of Income Taxes, Faber Should
Register Its Company In Eastern Europe, Where The Company
Would Be Subject To A Lower Corporate Income Tax Rate.
BRIEF EXERCISE 18-2
2014 Taxable Income $198,000
Tax Rate X 25%
12/31/2014 Income Tax Payable $ 49,500
Solutions Manual 18-4 Chapter 18
SOLUTION MANUAL FOR INTERMEDIATE
ACCOUNTING, 18TH EDITION, BY DONALD E. KIESO,
JERRY J. WEYGANDT AND TERRY D. WARFIELD.
CHAPTER 1-23 LATEST UPDATE
Solutions Manual 18-1 Chapter 18
, [Type the document title]
SOLUTION MANUAL FOR INTERMEDIATE ACCOUNTING,
18TH EDITION, BY DONALD E. KIESO, JERRY J. WEYGAND
AND TERRY D. WARFIELD. CHAPTER 1-23 LATEST UPDATE
CHAPTER 18
INCOME TAXES
ASSIGNMENT CLASSIFICATION TABLE
Brief Writing
Topics Exercises Exercises Assignments
PROBLEMs
1. Income Taxes 1 4
FromA 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/Futu
reIncome 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,
Solutions Manual 18-2 Chapter 18
, [Type the document title]
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
60-75
Solutions Manual 18-3 Chapter 18
, [Type the document title]
SOLUTIONS TO BRIEF EXERCISES
BRIEF EXERCISE 18-1
(a) Higher Income Tax Expense Results In Lower Profits.
(b) Higher Income Taxes Paid Decreases Cash Flow From
Operations.
(c) Considering Only The Effect Of Income Taxes, Faber Should
Register Its Company In Eastern Europe, Where The Company
Would Be Subject To A Lower Corporate Income Tax Rate.
BRIEF EXERCISE 18-2
2014 Taxable Income $198,000
Tax Rate X 25%
12/31/2014 Income Tax Payable $ 49,500
Solutions Manual 18-4 Chapter 18
