HYPERLINK"http://www.wordwendang.com"http://www.wordwendang.com更多相关文档免费下载请登录:HYPERLINK"http://www.wordwendang.com"http://www.wordwendang.com-中文word文档库PracticeExamChapters16-18Solutions本文档由【HYPERLINK"http://www.wordwendang.com"中文word文档库】HYPERLINK"http://www.wordwendang.com"www.wordwendang.com提供，转载分发敬请保留本信息；HYPERLINK"http://www.wordwendang.com"中文word文档库免费提供海量范文、教育、学习、政策、报告和经济类word文档。<ahref='http://www.wordwendang.com/'>word文档</a>ProblemI1.($inmillions)CurrentFutureYearTaxable2011Amounts201220132014Accountingincome48.6Non-temporarydifference(0.6)Temporarydifference:Installmentsales(36.0)91512Taxableincome12.0Enactedtaxrate30%30%40%40%Taxpayablecurrently3.6Deferredtaxliability2.76.04.813.5Less:beginningbalance:0Changeinbalance:credit(debit)13.5Journalentryattheendof2011Incometaxexpense(tobalance)17.1Deferredtaxliability(determinedabove)13.5Incometaxpayable(determinedabove)3.62.($inmillions)Pretaxaccountingincome$48.6Incometaxexpense(17.1)Netincome$31.5ProblemIIRequirement1Servicecost$369,000Interestcost180,000Expectedreturnontheplanassets($135actual,less$15gain)(120,000)Amortizationofpriorservicecost36,000Amortizationofnetloss(calculatedbelow)3,000Pensionexpense$468,000Computationofnetlossamortization:Netloss(previouslossesexceededgains)$210,00010%of$1,800,000(greaterthan$1,350,000)(180,000)Amounttobeamortized$30,000÷10Amortization$3,000Requirement2Pensionexpense(calculatedabove)468,000Planassets(expectedreturnonassets)120,000PBO($369servicecost+$180interestcost)549,000Amortizationofpriorservicecost–OCI36,000Amortizationofnetloss–OCI3,000Planassets450,000Cash(given)450,000Requirement3Planassets15,000Gain-OCI15,000Requirement4PBO189,000Planassets189,000ProblemIIIRequirement1($inmillions)APBO:Beginning$100Servicecost12Interestcost(8%x$100)8