答案和详解如下： 1.Which of the following statements about the liability method of accounting for deferred taxes is FALSE? A) The focus of the liability method is the balance sheet. B) The estimates of future tax liability are changed if the tax rate is changed. C) Deferred tax assets and liabilities result from the calculation of deferred tax expense. D) Taxes payable is calculated by multiplying taxable income by the current tax rate. The correct answer was C) Differences in taxable and pretax incomes that will reverse in future years result in deferred tax assets and liabilities, not the calculation on deferred tax expense. The focus of the liability method is the balance sheet, as deferred tax assets and liabilities are calculated directly; deferred tax expense used to determine reported income is a consequence of the balance sheet calculations.
2.Which of the following statements is FALSE? A) A deferred tax asset results when pretax income exceeds taxable income. B) Taxable income is a term used for tax reporting, while pretax income is used with financial reporting. C) When a deferred tax liability reverses, it means that a cash outflow for taxes is occurring. D) Taxes payable = income tax expense + deferred tax assets – deferred tax liabilities. The correct answer was A) Taxable income exceeds pretax income.
3.Regarding the liability method of accounting for deferred taxes, which of the following statements is FALSE? A) Deferred taxes are calculated by multiplying the temporary differences by the current tax rate. B) Income tax expense = Taxes payable - Change in Deferred tax asset + Change in Deferred tax liability. C) Changes in the tax rate are recognized in the reported income the year the change is enacted. D) Taxes payable are affected by changes in deferred taxes. The correct answer was D) Taxes payable are calculated by multiplying the taxable income by the current tax rates and are not affected by the changes in deferred taxes. All other statements are true. | 
发表于 2008-4-18 15:02
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