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SOLUTION MANUAL FOR
INTERMEDIATE ACCOUNTING, 18TH
EDITION, BY DONALD E. KIESO, JERRY
J. WEYGANDT AND TERRY D.
WARFIELD. CHAPTER 1-23 LATEST
UPDATE 2025 WITH VERIFIED
SOLUTIONS|| GUARANTEED A+
,SOLUTION MANUAL FOR INTERMEDIATE ACCOUNTING, 18TH EDITION, BY DONALD E.
KIESO, JERRY J. WEYGANDT AND TERRY D. WARFIELD. CHAPTER 1-23 LATEST UPDATE
2025 WITH VERIFIED SOLUTIONS|| GUARANTEED A+
chapter 1
income taxes
assignment classification table
Brief Writing
Topics Exercises Exercises Problems Assignments
1. Income taxes froma 1 4
business
perspective.
2. Difference between 2, 3, 4, 5 1, 2, 3, 4, 5, 1, 2, 3, 5, 1, 2, 3
accounting income 6, 7, 8, 9, 10, 6, 7, 8, 9,
and taxable 11, 12, 13, 10, 11,
income, calculate 14, 15, 16, 13, 14, 15
taxable income. 17, 18, 19
3. Taxable temporary 4, 6, 7 4, 5, 6, 7, 8, 1, 2, 3, 5,
differences, 9, 10, 11, 12 6, 7, 8, 9,
calculation of 13, 14, 15
deferred/future
income tax
liabilities.
4. Deductible 8, 9 4, 5, 6, 7, 8, 1, 2, 3, 5,
temporary 13, 14, 15, 6, 7, 8, 9,
differences, 16, 17 13, 14, 15
calculation of
deferred/future
income tax assets.
5. Deferred/future 3, 4, 5, 6, 7, 5, 6, 7, 8, 9, 1, 3, 4, 5,
income tax 9, 10, 11 10, 11, 12, 6, 7, 8, 9,
balances. 13, 14, 15, 10, 11,
16, 17, 18 13, 14, 15
6. Multiple tax rates, 12 12, 16, 17, 2, 3, 4, 14 5, 6
tax rate changes. 19, 20
7. Loss carrybacks. 13, 14, 15, 21, 22, 23, 24 12
16, 17
,ASSIGNMENT CLASSIFICATION TABLE (CONTINUED)
Brief Writing
Topics Exercises Exercises Problems Assignments
8. Loss carryforwards. 14, 15, 16, 22, 23, 24 12, 15
17
9. Valuation of 24, 25, 26
deferred/future tax
asset.
10. Presentation and 18, 19, 20, 24, 27, 28, 1, 2, 3, 4, 1
disclosure of 21 29, 30, 31 5, 6, 7, 8,
income taxes. 9, 10, 11,
12, 13,
14, 15
11. Differences 21, 22 18, 29, 30, 31 1, 2, 3, 5, 1, 2,3, 6, 7
between IFRS and 6, 7, 8, 9,
ASPE. 10, 11,
14
Please note: The simplifying assumption is made that allcompanies in the end-of-
chapter brief exercises, exercises and problems use the term “deferred” rather
than “future” for the tax-related accounts, even when applying ASPE.
, ASSIGNMENT CHARACTERISTICS TABLE
Level of Time
Item Description Difficulty (minutes)
E18-1 Terminology, relationships, calculations, Simple 10-15
entries.
E18-2 One temporary difference through three Simple 10-15
years, one rate.
E18-3 Intraperiod tax allocation. Moderate 15-20
E18-4 Identify temporary or permanent differences and Simple 10-15
direction of adjustment.
E18-5 Two temporary differences, future taxable amounts, Moderate 20-25
one rate, no beginning deferredtaxes.
E18-6 Two temporary differences, future taxable
amounts, one rate, beginning deferred taxes. Moderate 20-25
E18-7 Two temporary differences, future taxable
amounts, change in rate.
E18-8 Reversing and permanent, future taxable Moderate 20-25
amounts, no beginning balances.
E18-9 One temporary difference, future taxable Simple 20-25
amounts, one rate, no beginning deferred
taxes, prepare statements Simple 20-25
E18-10 One temporary difference, future taxable
amounts, one rate, no beginning deferred
taxes. Simple 15-20
E18-11 One temporary difference, future taxable
amounts, one rate, beginning deferred taxes.
E18-12 One temporary difference, future taxable Simple 15-20
amounts, change in rate.
E18-13 Permanent and reversing differences,
calculate taxable income, entry for income Simple 15-20
taxes.
E18-14 One temporary difference, future deductible Simple 15-20
amounts, one rate, beginningdeferred taxes.
E18-15 One temporary difference, future deductible
amounts, one rate, beginningdeferred taxes. Simple 15-20
E18-16 One temporary difference, future taxable
amount becomes future deductible amount,
change in rate. Simple 15-20
E18-17 One temporary difference, future
deductible amounts, change in rate
Moderate 20-25
