Which of the following items are not included in the financial statement income tax note effective tax rate reconciliation ?
Question 20
Paint , Inc ., a domestic corporation , owns 100 % of Blue , Ltd ., a foreign corporation and Yellow , Inc ., a domestic corporation . Paint also owns 40 % of Green , Inc ., a domestic corporation . Paint receives no distributions from any of these corporations . Which of these entities ' net income are included in Paint ' s income statement for current year financial reporting purposes ?
Question 21
Hot , Inc .' s primary competitor is Cold , Inc . When comparing relative deferred tax asset and liability accounts with Cold , which of the following should Hot do ?
Question 22
Music , Inc ., a domestic corporation , owns 100 % of Vinyl , Ltd ., a foreign corporation and Digital , Inc ., a domestic corporation . Music also owns 12 % of Record , Inc ., a domestic corporation . Music receives no distributions from any of these corporations . Which of these entities ' net income are included in Music ' s income statement for current year financial reporting purposes ?
Question 23
Which of the following items are not included in the income tax note for a publicly traded company ?
Question 24 Which of the following represent temporary book-tax differences ? Question 25