Kieso, Weygandt, Warfield, Young, Wiecek, McConomy Intermediate Accounting, Tenth Canadian
Edition
Solution Manual for Intermediate Accounting, 18th Edition, by
Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield.
Chapter 1-23 latest update
CHAPTER 18
INCOME TAXES
ASSIGNMENT CLASSIFICATION TABLE
Brief Writing
Topics Exercises Exercises Problems Assignments
1. Income 6ytaxes 1 4
6yfrom6
ya 6ybusiness
6yperspective.
2. Difference 6ybetween 2, 6y3, 6y4, 6y5 1, 6y2, 6y3, 6y4, 1, 6y2, 6y3, 1, 6y2,
6y5, 6y5, 6y3
accounting 6yincome 6, 6y7, 6y8, 6y9, 6, 6y7, 6y8,
6y10, 6y9,
and 6ytaxable 11, 6y12, 6y13, 10, 6y11,
income, 6ycalculate 14, 6y15, 6y16, 13, 6y14,
6y15
taxable 6yincome. 17, 6y18, 6y19
3. Taxable 6ytemporary 4, 6y6, 6y7 4, 6y5, 6y6, 6y7, 1, 6y2, 6y3,
6y8, 6y5,
differences, 9, 6y10, 6y11, 6, 6y7, 6y8,
6y12 6y9,
calculation 6yof 13, 6y14,
6y15
deferred/future
yincome 6ytax
6
liabilities.
4. Deductible 8, 6y9 4, 6y5, 6y6, 6y7, 1, 6y2, 6y3,
6y8, 6y5,
Solutions Manual 18-1 Chapter 18
,Kieso, 6yWeygandt, 6yWarfield, 6yYoung, 6yWiecek, Intermediate 6 y Accounting, 6y 6yTenth
6yMcConomy6yEdition 6 y Canadian
temporary 13, 6y14, 6y15, 6, 6y7, 6y8,
6y9,
differences, 16, 6y17 13, 6y14,
6y15
calculation 6yof
deferred/future
income 6ytax 6yassets.
5. Deferred/future 3, 6y4, 6y5, 6y6, 5, 6y6, 6y7, 6y8, 1, 6y3, 6y4,
6y7, 6y9, 6y5,
income 6ytax 9, 6y10, 6y11 10, 6y11, 6y12, 6, 6y7, 6y8,
6y9,
balances. 13, 6y14, 6y15, 10, 6y11,
16, 6y17, 6y18 13, 6y14,
6y15
6. Multiple 6ytax 6yrates, 12 12, 6y16, 6y17, 2, 6y3, 6y4, 5, 6y6
6y14
tax 6yrate 6ychanges. 19, 6y20
7. Loss 6ycarrybacks. 13, 6y14, 6y15, 21, 6y22, 6y23, 12
6y24
16, 6y17
Solutions 18-2 Chapter
6 y Manual 6 y 18
,Kieso, 6yWeygandt, 6yWarfield, 6yYoung, 6yWiecek, Intermediate 6 y Accounting, 6y 6yTenth
6yMcConomy6yEdition 6 y Canadian
ASSIGNMENT 6 y CLASSIFICATION 6 y TABLE 6 y (CONTINUED)
Brief Writing
Topics Exercises Exercises Problems 6y Assignment
s
8. Loss 6ycarryforwards. 14, 6y15, 22, 6y23, 6y24 12, 6y15
6y16,
17
24, 6y25, 6y26
9. Valuation 6yof
6ydeferred/future
6ytax6
yasset.
10. Presentation 18, 6y19, 24, 6y27, 1, 6y2, 6y3, 6y4, 1
6yand6 ydisclosure 6y20, 6y28, 5, 6y6, 6y7, 6y8,
6yof 6yincome 21 29, 6y30, 9, 6y10, 6y11,
6ytaxes. 6y31 12, 6y13,
14, 6y15
11. Differences 21, 6y22 18, 6y29, 6y30, 6y31 1, 6y2, 6y3, 1, 6y2,3, 6y6, 6y7
between 6yIFRS 6y5,
6yand6
yASPE. 6, 6y7, 6y8, 6y9,
10, 6y11,
14
Please note: The simplifying assumption is made
6y 6y 6y 6y 6y 6y
that allcompanies in the end-of-chapter brief
6y 6y y
6 6y 6y 6y 6y
exercises, exercises and problems use the term
6y 6y 6y 6y 6y 6y 6y
“deferred” rather than “future” for the tax-related
6y 6y 6y 6y 6y 6y 6y
accounts, even when applying ASPE.
6y 6y 6y 6y 6y
Solutions 18-3 Chapter
6 y Manual 6 y 18
, Kieso, 6yWeygandt, 6yWarfield, 6yYoung, 6yWiecek, Intermediate 6 y Accounting, 6y 6yTenth
6yMcConomy6yEdition 6 y Canadian
ASSIGNMENT 6 y CHARACTERISTICS 6 y TABLE
Level 6yof Time
Item Description Difficulty (minutes)
E18-1 Terminology, 6yrelationships, Simple 10-15
6ycalculations,6yentries.
E18-2 One 6ytemporary 6ydifference 6ythrough Simple 10-15
6ythree6
yyears, 6yone 6yrate.
E18-3 Intraperiod 6ytax 6yallocation. Moderate 15-20
E18-4 6y 6y 6y 6y 6yIdentify 6ytemporary 6yor 6ypermanent E18-16 One 6ytemporary
6ydifferences 6yand 6ydirection 6yof 6ydifference, 6yfuture
6yadjustment. 6ytaxable6yamount
E18-5 6yTwo 6ytemporary 6ydifferences, 6yfuture 6ytaxable 6ybecomes 6yfuture
6yamounts, 6yone 6yrate, 6yno 6ybeginning 6ydeductible 6yamount,
6ydeferred6 ytaxes. 6ychange 6yin 6yrate.
E18-6 Two 6ytemporary 6ydifferences, 6yfuture E18-17 One 6ytemporary
6ytaxable6 yamounts, 6yone 6yrate, 6ybeginning 6ydifference,
6ydeferred 6ytaxes. 6yfuture
E18-7 Two 6ytemporary 6ydifferences, 6yfuture 6ydeductible
6ytaxable6 yamounts, 6ychange 6yin 6yrate. 6yamounts,
E18-8 Reversing 6yand 6ypermanent, 6yfuture 6ychange 6yin 6yrate
6ytaxable6 yamounts, 6yno 6ybeginning
6ybalances.
E18-9 One 6ytemporary 6ydifference, 6yfuture
6ytaxable 6yamounts, 6yone 6yrate, 6yno
6ybeginning 6ydeferred6 ytaxes, 6yprepare
6ystatements
E18-10 One 6ytemporary 6ydifference, 6yfuture
6ytaxable 6yamounts, 6yone 6yrate, 6yno
6ybeginning 6ydeferred6 ytaxes.
E18-11 One 6ytemporary 6ydifference, 6yfuture
6ytaxable6 yamounts, 6yone 6yrate, 6ybeginning
6ydeferred 6ytaxes.
E18-12 One 6ytemporary 6ydifference, 6yfuture
6ytaxable6 yamounts, 6ychange 6yin 6yrate.
E18-13 Permanent 6yand 6yreversing 6ydifferences,
6ycalculate 6ytaxable 6yincome, 6yentry 6yfor
6yincome6 ytaxes.
E18-14 One 6ytemporary 6ydifference, 6yfuture
6ydeductible 6yamounts, 6yone 6yrate,
6ybeginning6 ydeferred 6ytaxes.
E18-15 One 6ytemporary 6ydifference, 6yfuture
6ydeductible 6yamounts, 6yone 6yrate,
6ybeginning6 ydeferred 6ytaxes.
Solutions 18-4 Chapter
6 y Manual 6 y 18
Edition
Solution Manual for Intermediate Accounting, 18th Edition, by
Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield.
Chapter 1-23 latest update
CHAPTER 18
INCOME TAXES
ASSIGNMENT CLASSIFICATION TABLE
Brief Writing
Topics Exercises Exercises Problems Assignments
1. Income 6ytaxes 1 4
6yfrom6
ya 6ybusiness
6yperspective.
2. Difference 6ybetween 2, 6y3, 6y4, 6y5 1, 6y2, 6y3, 6y4, 1, 6y2, 6y3, 1, 6y2,
6y5, 6y5, 6y3
accounting 6yincome 6, 6y7, 6y8, 6y9, 6, 6y7, 6y8,
6y10, 6y9,
and 6ytaxable 11, 6y12, 6y13, 10, 6y11,
income, 6ycalculate 14, 6y15, 6y16, 13, 6y14,
6y15
taxable 6yincome. 17, 6y18, 6y19
3. Taxable 6ytemporary 4, 6y6, 6y7 4, 6y5, 6y6, 6y7, 1, 6y2, 6y3,
6y8, 6y5,
differences, 9, 6y10, 6y11, 6, 6y7, 6y8,
6y12 6y9,
calculation 6yof 13, 6y14,
6y15
deferred/future
yincome 6ytax
6
liabilities.
4. Deductible 8, 6y9 4, 6y5, 6y6, 6y7, 1, 6y2, 6y3,
6y8, 6y5,
Solutions Manual 18-1 Chapter 18
,Kieso, 6yWeygandt, 6yWarfield, 6yYoung, 6yWiecek, Intermediate 6 y Accounting, 6y 6yTenth
6yMcConomy6yEdition 6 y Canadian
temporary 13, 6y14, 6y15, 6, 6y7, 6y8,
6y9,
differences, 16, 6y17 13, 6y14,
6y15
calculation 6yof
deferred/future
income 6ytax 6yassets.
5. Deferred/future 3, 6y4, 6y5, 6y6, 5, 6y6, 6y7, 6y8, 1, 6y3, 6y4,
6y7, 6y9, 6y5,
income 6ytax 9, 6y10, 6y11 10, 6y11, 6y12, 6, 6y7, 6y8,
6y9,
balances. 13, 6y14, 6y15, 10, 6y11,
16, 6y17, 6y18 13, 6y14,
6y15
6. Multiple 6ytax 6yrates, 12 12, 6y16, 6y17, 2, 6y3, 6y4, 5, 6y6
6y14
tax 6yrate 6ychanges. 19, 6y20
7. Loss 6ycarrybacks. 13, 6y14, 6y15, 21, 6y22, 6y23, 12
6y24
16, 6y17
Solutions 18-2 Chapter
6 y Manual 6 y 18
,Kieso, 6yWeygandt, 6yWarfield, 6yYoung, 6yWiecek, Intermediate 6 y Accounting, 6y 6yTenth
6yMcConomy6yEdition 6 y Canadian
ASSIGNMENT 6 y CLASSIFICATION 6 y TABLE 6 y (CONTINUED)
Brief Writing
Topics Exercises Exercises Problems 6y Assignment
s
8. Loss 6ycarryforwards. 14, 6y15, 22, 6y23, 6y24 12, 6y15
6y16,
17
24, 6y25, 6y26
9. Valuation 6yof
6ydeferred/future
6ytax6
yasset.
10. Presentation 18, 6y19, 24, 6y27, 1, 6y2, 6y3, 6y4, 1
6yand6 ydisclosure 6y20, 6y28, 5, 6y6, 6y7, 6y8,
6yof 6yincome 21 29, 6y30, 9, 6y10, 6y11,
6ytaxes. 6y31 12, 6y13,
14, 6y15
11. Differences 21, 6y22 18, 6y29, 6y30, 6y31 1, 6y2, 6y3, 1, 6y2,3, 6y6, 6y7
between 6yIFRS 6y5,
6yand6
yASPE. 6, 6y7, 6y8, 6y9,
10, 6y11,
14
Please note: The simplifying assumption is made
6y 6y 6y 6y 6y 6y
that allcompanies in the end-of-chapter brief
6y 6y y
6 6y 6y 6y 6y
exercises, exercises and problems use the term
6y 6y 6y 6y 6y 6y 6y
“deferred” rather than “future” for the tax-related
6y 6y 6y 6y 6y 6y 6y
accounts, even when applying ASPE.
6y 6y 6y 6y 6y
Solutions 18-3 Chapter
6 y Manual 6 y 18
, Kieso, 6yWeygandt, 6yWarfield, 6yYoung, 6yWiecek, Intermediate 6 y Accounting, 6y 6yTenth
6yMcConomy6yEdition 6 y Canadian
ASSIGNMENT 6 y CHARACTERISTICS 6 y TABLE
Level 6yof Time
Item Description Difficulty (minutes)
E18-1 Terminology, 6yrelationships, Simple 10-15
6ycalculations,6yentries.
E18-2 One 6ytemporary 6ydifference 6ythrough Simple 10-15
6ythree6
yyears, 6yone 6yrate.
E18-3 Intraperiod 6ytax 6yallocation. Moderate 15-20
E18-4 6y 6y 6y 6y 6yIdentify 6ytemporary 6yor 6ypermanent E18-16 One 6ytemporary
6ydifferences 6yand 6ydirection 6yof 6ydifference, 6yfuture
6yadjustment. 6ytaxable6yamount
E18-5 6yTwo 6ytemporary 6ydifferences, 6yfuture 6ytaxable 6ybecomes 6yfuture
6yamounts, 6yone 6yrate, 6yno 6ybeginning 6ydeductible 6yamount,
6ydeferred6 ytaxes. 6ychange 6yin 6yrate.
E18-6 Two 6ytemporary 6ydifferences, 6yfuture E18-17 One 6ytemporary
6ytaxable6 yamounts, 6yone 6yrate, 6ybeginning 6ydifference,
6ydeferred 6ytaxes. 6yfuture
E18-7 Two 6ytemporary 6ydifferences, 6yfuture 6ydeductible
6ytaxable6 yamounts, 6ychange 6yin 6yrate. 6yamounts,
E18-8 Reversing 6yand 6ypermanent, 6yfuture 6ychange 6yin 6yrate
6ytaxable6 yamounts, 6yno 6ybeginning
6ybalances.
E18-9 One 6ytemporary 6ydifference, 6yfuture
6ytaxable 6yamounts, 6yone 6yrate, 6yno
6ybeginning 6ydeferred6 ytaxes, 6yprepare
6ystatements
E18-10 One 6ytemporary 6ydifference, 6yfuture
6ytaxable 6yamounts, 6yone 6yrate, 6yno
6ybeginning 6ydeferred6 ytaxes.
E18-11 One 6ytemporary 6ydifference, 6yfuture
6ytaxable6 yamounts, 6yone 6yrate, 6ybeginning
6ydeferred 6ytaxes.
E18-12 One 6ytemporary 6ydifference, 6yfuture
6ytaxable6 yamounts, 6ychange 6yin 6yrate.
E18-13 Permanent 6yand 6yreversing 6ydifferences,
6ycalculate 6ytaxable 6yincome, 6yentry 6yfor
6yincome6 ytaxes.
E18-14 One 6ytemporary 6ydifference, 6yfuture
6ydeductible 6yamounts, 6yone 6yrate,
6ybeginning6 ydeferred 6ytaxes.
E18-15 One 6ytemporary 6ydifference, 6yfuture
6ydeductible 6yamounts, 6yone 6yrate,
6ybeginning6 ydeferred 6ytaxes.
Solutions 18-4 Chapter
6 y Manual 6 y 18
