"Financial Report":deferred tax assets

下載正保會(huì)計(jì)網(wǎng)校APP 訂閱最新報(bào)考消息

來(lái)源: 正保會(huì)計(jì)網(wǎng)校編輯：小鞠橘桔 2020/12/29 15:15:03　字體：大小

選課中心

多樣班次滿足需求

選課中心

資料專區(qū)

干貨資料助力備考

資料專區(qū)

報(bào)考指南

報(bào)考條件一鍵了解

報(bào)考指南

學(xué)習(xí)是一個(gè)不斷積累的過(guò)程，每天學(xué)習(xí)一點(diǎn)，每天進(jìn)步一點(diǎn)！為了幫助大家更高效地備考2021年CFA考試，正保會(huì)計(jì)網(wǎng)校每日為大家上新CFA習(xí)題供大家練習(xí)。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢(mèng)想成真！

Questions 1:

If a company has a deferred tax asset reported on its statement of financial position and the tax authorities reduce the tax rate, which of the following statements is most accurate concerning the effect of the change? The existing deferred tax asset will:

A、 not be affected.

B、 increase in value.

C、 decrease in value.

Questions 2:

An analyst gathers the following information about a company:

Financial Report:deferred tax assets

If the company had used the first-in, first-out (FIFO) method instead of last-in, first-out (LIFO), its 2014 net income would most likely have been:

A、 $9,000 higher.

B 、$21,000 higher.

C、 $30,000 lower.

View answer resolution

【Answer to question 1】C

【analysis】

C is correct. A decrease in the tax rate will result in a decrease in the previously reported amounts of deferred tax assets. That is, the value of the future tax assets, based on the new lower rate, is reduced for offsetting future tax payments.

A is incorrect. The change would affect not only the current year’s reported income tax expense but also any amounts previously established on the balance sheet.

B is incorrect. The value of the future benefits decreases, not increases.

【Answer to question 2】B

【analysis】

B is correct

Financial Report:deferred tax assets

If an increase in the LIFO reserve occurs, LIFO COGS will be higher than FIFO by the amount of the increase. With a lower COGS under FIFO, pretax income will be higher by $30,000. With a lower COGS under FIFO, after-tax income will be higher by $30,000 × (1 – 0.30) = $21,000.

A is incorrect. Tax rate × change in LIFO reserve = 0.30 × ($450,000 – $420,000) = $9,000

C is incorrect. Change in the LIFO reserve = $450,000 – $420,000 = $30,000

成功=時(shí)間+方法，自制力是這個(gè)等式的保障。世上無(wú)天才，高手都是來(lái)自刻苦的練習(xí)。而人們經(jīng)常只看到“牛人”閃耀的成績(jī)，其成績(jī)背后無(wú)比寂寞的勤奮。小編相信，每天都在勤奮練習(xí)，即使是一點(diǎn)點(diǎn)的進(jìn)步，大家一定可以成為人人稱贊的“牛人”。

點(diǎn)擊了解更多CFA考試資訊>>