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A1C019118 Jurati Latihan10
A1C019118 Jurati Latihan10
NIM : A1C019118
Kelas : C S1 Akuntansi
LATIHAN 10
1. E19.14 (LO1) (Deferred Tax Asset) Callaway SA has a deferred tax asset account with a
balance of €150,000 at the end of 2018 due to a single cumulative temporary difference of
€375,000. At the end of 2019, this same temporary difference has increased to a cumulative
amount of €500,000. Taxable income for 2019 is €850,000. The tax rate is 40% for all years.
Instructions
a. Record income tax expense, deferred income taxes, and income taxes payable for
2019, assuming that it is probable that the deferred tax asset will be realized.
b. Assuming that it is probable that €30,000 of the deferred tax asset will not be
realized, prepare the journal entry at the end of 2019 to recognize this probability.
Jawab :
2. E19.16 (LO1, 2, 4) (Deferred Tax Liability, Change in Tax Rate, Prepare Section of Income
Statement) Sharrer Inc.'s only temporary difference at the beginning and end of 2019 is
caused by a $2 million deferred gain for tax purposes for an installment sale of a plant asset,
and the related receivable is due in equal installments in 2020 and 2021. The related deferred
tax liability at the beginning of the year is $800,000. In the third quarter of 2019, a new tax
rate of 34% is enacted into law and is scheduled to become effective for 2021. Taxable
income for 2019 is $5,000,000, and taxable income is expected in all future years.
Instructions
a. Determine the amount reported as a deferred tax liability at the end of 2019. Indicate
proper classification(s).
b. Prepare the journal entry (if any) necessary to adjust the deferred tax liability when
the new tax rate is enacted into law.
c. Draft the income tax expense portion of the income statement for 2019. Begin with
the line “Income before income taxes.” Assume no permanent differences exist.
Jawab :
a. Tahun mendatang
Total
2020 2021
Jumlah kena pajak di masa depan $1,000,000 $1,000,000 $2,000,000
Tarif pajak 40%* 34%
Kewajiban pajak tangguhan $400,000 $340,000 $740,000
*Tarif pajak sebelumnya sebesar 40% dihitung dengan membagi saldo akun kewajiban pajak tangguhan
sebesar $800,000 pada tanggal 1 Januari 2019 dengan perbedaan temporer kumulatif sebesar
$2,000,000 pada tanggal yang sama.
Tidak ada perubahan selama 2019 pada perbedaan temporer kumulatif. Seluruh
perubahan dalam akun kewajiban pajak tangguhan disebabkan oleh perubahan tarif
pajak yang berlaku. Perubahan itu dihitung sebagai berikut :
3. E19.21 (LO1, 2, 4) (Two Temporary Differences, Multiple Rates, Future Taxable Income)
Flynn Inc. has two temporary differences at the end of 2019. The first difference stems from
installment sales, and the second one results from the accrual of a loss contingency. Flynn's
accounting department has developed a schedule of future taxable and deductible amounts
related to these temporary differences as follows.
As of the beginning of 2019, the enacted tax rate is 34% for 2019 and 2020, and 38% for
2021–2024. At the beginning of 2019, the company had no deferred income taxes on its
statement of financial position. Taxable income for 2019 is $400,000. Taxable income is
expected in all future years.
Instructions
a. Prepare the journal entry to record income tax expense, deferred income taxes, and
income taxes payable for 2019.
b. Indicate how deferred income taxes would be classified on the statement of financial
position at the end of 2019.
Jawab :
Kewajiban lancar
Kewajiban pajak tangguhan $89,600
Aset pajak tangguhan tidak lancar karena kewajiban terkait tidak lancar. Kewajiban dari
akrual kontinjensi kerugian tidak lancar karena diharapkan akan diselesaikan dalam
beberapa tahun setelah tahun tersebut segera setelah tanggal neraca.
Liabilitas pajak tangguhan adalah lancar karena diasumsikan bahwa piutang angsuran
terkait diklasifikasikan sebagai aset lancar. Piutang angsuran diklasifikasikan lancar
ketika entitas menjual dengan cara angsuransebagai praktik perdagangan. Jika
menganggap piutang angsuran terkait dengan penjualan angsuran investasi dan oleh
karena itu diklasifikasikan sebagai sebagian lancar dan sebagiannya lagi tidak lancar,
maka $13,600 ($40,000 x 34%) dari kewajiban pajak tangguhan harus diklasifikasikan
sebagai lancar dan $89,600 ($200,000 x 38%) harus diklasifikasikan sebagai tidak lancar.