2008 CFA Level 1 － Sample 样题(1)－Q24 black, class

8586

24、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
An analyst gathered the following data for four profitable companies operating in the same industry:

Company	Deferred Tax Assets	Deferred Tax Liabilities
1	$50,000	$200,000
2	$300,000	$400,000
3	$85,000	$50,000
4	$170,000	$115,000

If the applicable corporate income tax rate is decreased and nothing else changes, which company will most likely experience the largest decrease in reported equity?

A. Company 1.

B. Company 2.

C. Company 3.

D. Company 4.

[此贴子已经被作者于2008-11-7 16:19:00编辑过]

8586

答案和详解如下:

      
Correct answer = D

"Analysis of Income Taxes," Gerald I. White, Ashwinpaul C. Sondhi, and Dov Fried
2008 Modular Level I, Vol. 3, pp. 427-432
Study Session 9-38-f, g
calculate and interpret income tax expense, income taxes payable, deferred tax assets, and deferred tax liabilities;
calculate and interpret the adjustment(s) to the deferred tax accounts related to a change in the tax rate
In the case of a tax rate decrease, the greatest reduction in reported equity would go to the firm with the largest net deferred tax asset. The net deferred tax asset for Company 4 is $55,000($170,000 - $115,000), which is the largest of the group. 

 

 

[此贴子已经被作者于2008-5-19 13:22:29编辑过]

cxz0858

A

zjy1228

thanks a lot.

Riverview

thanks

刀剑如梦

谢谢

zhangxie83

d

gening

thanks!

isaisaisa

d

oleander

b