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Chapter 16

Chapter 16
20問 • 1年前
  • nicollette claire
    • 通報

    問題一覧

  • 1

    It is the deferred tax consequence attributable to a taxable temporary difference.

    Deferred tax liability

  • 2

    It is the deferred tax consequence attributable to a deductible temporary difference and operating loss carryforward.

    Deferred tax asset

  • 3

    It is the amount of income tax payable in respect of taxable income.

    Current tax expense

  • 4

    It is the aggregate amount included in the determination of net income for the period in respect of current tax and deferred tax.

    Tax expense

  • 5

    The deferred tax expense is equal to

    Increase in deferred tax liability less increase in deferred tax asset.

  • 6

    Justification for the method of determining periodic deferred tax expense is based on the concept of

    Recognition of asset and liability.

  • 7

    A deferred tax liability would result from

    Excess of tax depreciation over accounting depreciation

  • 8

    A deferred tax asset would result from

    Rent received in advance included in taxable income.

  • 9

    Which is true regarding deferred income taxes?

    Deferred tax asset and deferred tax liability should be classified as noncurrent.

  • 10

    At the current year-end, an entity had a deferred tax liability that exceeded a deferred tax asset. Which of the following should be reported in the current year-end?

    The deferred tax liability as a noncurrent liability.

  • 11

    An entity shall offset a deferred tax asset and liability

    When the taxes are levied by the same taxing authority

  • 12

    Which is correct about deferred tax assets and liabilities?

    Deferred tax assets are netted against deferred tax liabilities if they relate to the same tax authority.

  • 13

    Which is incorrect concerning tax asset and liabilities?

    Deferred tax asset and liability shall be discounted.

  • 14

    The entity had temporary differences that will reverse next year and add to taxable income. Deferred taxes based on these temporary differences should be classified as

    Noncurrent liability

  • 15

    A deferred tax liability is computed using

    Enacted future tax law

  • 16

    The purpose of interperiod tax allocation is to

    Recognize an asset or liability for the tax consequences of temporary differences that exist at year-end.

  • 17

    Intraperiod tax allocation

    Associates tax effect with different items in the income statement.

  • 18

    Which is true about intraperiod tax allocation?

    The purpose is to relate the income tax expense to the items which affect the amount of tax.

  • 19

    All would require intraperiod tax allocation, except

    Change in accounting estimate

  • 20

    Tax expense should be allocated to all, except

    Gross income

    • Quiz I.T Week 3

    Quiz I.T Week 3

    nicollette claire · 34問 · 2年前

    Quiz I.T Week 3

    Quiz I.T Week 3

    34問 • 2年前
    nicollette claire

    Quiz I.T. Week 4

    Quiz I.T. Week 4

    nicollette claire · 29問 · 2年前

    Quiz I.T. Week 4

    Quiz I.T. Week 4

    29問 • 2年前
    nicollette claire

    Quiz I.T. Week 5

    Quiz I.T. Week 5

    nicollette claire · 7問 · 2年前

    Quiz I.T. Week 5

    Quiz I.T. Week 5

    7問 • 2年前
    nicollette claire

    midterm exam FAR

    midterm exam FAR

    nicollette claire · 40問 · 2年前

    midterm exam FAR

    midterm exam FAR

    40問 • 2年前
    nicollette claire

    midterm qui

    midterm qui

    nicollette claire · 20問 · 2年前

    midterm qui

    midterm qui

    20問 • 2年前
    nicollette claire

    CFAS CHAPTER 1

    CFAS CHAPTER 1

    nicollette claire · 41問 · 2年前

    CFAS CHAPTER 1

    CFAS CHAPTER 1

    41問 • 2年前
    nicollette claire

    CFAS CHAPTER 2

    CFAS CHAPTER 2

    nicollette claire · 28問 · 2年前

    CFAS CHAPTER 2

    CFAS CHAPTER 2

    28問 • 2年前
    nicollette claire

    CFAS CHAPTER 3

    CFAS CHAPTER 3

    nicollette claire · 9問 · 2年前

    CFAS CHAPTER 3

    CFAS CHAPTER 3

    9問 • 2年前
    nicollette claire

    I.T FINALS R3VIEWER EXCEL 1

    I.T FINALS R3VIEWER EXCEL 1

    nicollette claire · 35問 · 2年前

    I.T FINALS R3VIEWER EXCEL 1

    I.T FINALS R3VIEWER EXCEL 1

    35問 • 2年前
    nicollette claire

    I.T FINALS REVIEWER SORTING DATA

    I.T FINALS REVIEWER SORTING DATA

    nicollette claire · 20問 · 2年前

    I.T FINALS REVIEWER SORTING DATA

    I.T FINALS REVIEWER SORTING DATA

    20問 • 2年前
    nicollette claire

    I.T REGIEWER VLOOKUP

    I.T REGIEWER VLOOKUP

    nicollette claire · 9問 · 2年前

    I.T REGIEWER VLOOKUP

    I.T REGIEWER VLOOKUP

    9問 • 2年前
    nicollette claire

    chapter 4

    chapter 4

    nicollette claire · 30問 · 1年前

    chapter 4

    chapter 4

    30問 • 1年前
    nicollette claire

    chapter 5

    chapter 5

    nicollette claire · 10問 · 1年前

    chapter 5

    chapter 5

    10問 • 1年前
    nicollette claire

    Chapter 6

    Chapter 6

    nicollette claire · 20問 · 1年前

    Chapter 6

    Chapter 6

    20問 • 1年前
    nicollette claire

    chapter 7

    chapter 7

    nicollette claire · 15問 · 1年前

    chapter 7

    chapter 7

    15問 • 1年前
    nicollette claire

    chapter 9

    chapter 9

    nicollette claire · 10問 · 1年前

    chapter 9

    chapter 9

    10問 • 1年前
    nicollette claire

    Chapter 14

    Chapter 14

    nicollette claire · 5問 · 1年前

    Chapter 14

    Chapter 14

    5問 • 1年前
    nicollette claire

    chapter 14

    chapter 14

    nicollette claire · 24問 · 1年前

    chapter 14

    chapter 14

    24問 • 1年前
    nicollette claire

    chapter 24

    chapter 24

    nicollette claire · 25問 · 1年前

    chapter 24

    chapter 24

    25問 • 1年前
    nicollette claire

    chapter 25

    chapter 25

    nicollette claire · 10問 · 1年前

    chapter 25

    chapter 25

    10問 • 1年前
    nicollette claire

    chapter 17

    chapter 17

    nicollette claire · 20問 · 1年前

    chapter 17

    chapter 17

    20問 • 1年前
    nicollette claire

    chapter 18

    chapter 18

    nicollette claire · 15問 · 1年前

    chapter 18

    chapter 18

    15問 • 1年前
    nicollette claire

    問題一覧

  • 1

    It is the deferred tax consequence attributable to a taxable temporary difference.

    Deferred tax liability

  • 2

    It is the deferred tax consequence attributable to a deductible temporary difference and operating loss carryforward.

    Deferred tax asset

  • 3

    It is the amount of income tax payable in respect of taxable income.

    Current tax expense

  • 4

    It is the aggregate amount included in the determination of net income for the period in respect of current tax and deferred tax.

    Tax expense

  • 5

    The deferred tax expense is equal to

    Increase in deferred tax liability less increase in deferred tax asset.

  • 6

    Justification for the method of determining periodic deferred tax expense is based on the concept of

    Recognition of asset and liability.

  • 7

    A deferred tax liability would result from

    Excess of tax depreciation over accounting depreciation

  • 8

    A deferred tax asset would result from

    Rent received in advance included in taxable income.

  • 9

    Which is true regarding deferred income taxes?

    Deferred tax asset and deferred tax liability should be classified as noncurrent.

  • 10

    At the current year-end, an entity had a deferred tax liability that exceeded a deferred tax asset. Which of the following should be reported in the current year-end?

    The deferred tax liability as a noncurrent liability.

  • 11

    An entity shall offset a deferred tax asset and liability

    When the taxes are levied by the same taxing authority

  • 12

    Which is correct about deferred tax assets and liabilities?

    Deferred tax assets are netted against deferred tax liabilities if they relate to the same tax authority.

  • 13

    Which is incorrect concerning tax asset and liabilities?

    Deferred tax asset and liability shall be discounted.

  • 14

    The entity had temporary differences that will reverse next year and add to taxable income. Deferred taxes based on these temporary differences should be classified as

    Noncurrent liability

  • 15

    A deferred tax liability is computed using

    Enacted future tax law

  • 16

    The purpose of interperiod tax allocation is to

    Recognize an asset or liability for the tax consequences of temporary differences that exist at year-end.

  • 17

    Intraperiod tax allocation

    Associates tax effect with different items in the income statement.

  • 18

    Which is true about intraperiod tax allocation?

    The purpose is to relate the income tax expense to the items which affect the amount of tax.

  • 19

    All would require intraperiod tax allocation, except

    Change in accounting estimate

  • 20

    Tax expense should be allocated to all, except

    Gross income