Laba komersial

Koreksi beda tetap Total 525,810,289

Koreksi beda waktu 2007 2006 increase in DTA

allowance for doubtful accounts 367,899,405 195,728,342 172,171,063
allowance for inventory decline 700,579,966 202,497,400 498,082,566
Rent of land and building 0 103,803,879 (103,803,879)
employee benefits 648,513,287 471,755,839 176,757,448

fixed assets 5,326,725,073 1,668,690,432 (3,658,034,641)

Pajak kini 50,000,000

50,000,000
85,392,314,000

Pajak kini
 93,455,705,512

0.30 1,752,700,963

0.30 573,903,543
0.30 1,660,275,220
0.30 (346,012,930)
0.30 589,191,493

0.30 (12,193,448,803)

(7,963,390,513)

85,492,314,999

0 5,000,000
0 7,500,000
0 25,617,694,200

25,630,194,200
Problem 16-28 Skousen, Stice, Stice

year 1999
Pretax financial income 75,000
Permanent difference
Nondeductible expens 30,000
Nontaxable revenues (12,500)

Temporary difference
Installment sales (28,000)

Total (10,500)

Taxable income 64,500

Current tax 25,800

Calculation of the deferred tax liability year amount tax rate DTL
Realization of installment sales profits 2,000 6,000 36% 2,160
2,001 13,500 34% 4,590
2,002 8,500 30% 2,550
9,300
Journal entries
Current tax 25,800
Deferred tax expense 9,300
Income tax liabilities 25,800
Deferred tax liabilities 9,300

Income from continuing operations 75,000

Income tax expense
Current 25,800
Deferred 9,300
35,100

Net income 39,900

Problem 16-29

Year 1999
Pretax financial loss (15,000)
Temporary difference
Unearned rent revenu 55,000
warranties 20,000
75,000

Taxable income 60,000

Current tax expense 22,800

Deferred tax benefits calculation
year rent warranty Total tax rates
2,000 13,000 5,000 18,000 36% 6,480
2,001 25,000 8,000 33,000 32% 10,560
2,002 12,000 7,000 19,000 30% 5,700
2,003 5,000 5,000 30% 1,500

24,240

Current tax expense 22,800

Deferred tax assets 24,240
Deferred tax benefits 24,240
Income tax payable 22,800

Loss from continuing operations (15,000)

Income tax:
Current 22,800
Deferred (24,240)
(1,440)

Loss from continuing operation after tax (16,440)

any occuarence of similar transaction as those under the temporaty difference (like rent and warranty)

Problem 16-31
Stratco Corporation
Year 1999

Pretax financial income 40,000

Nontaxable revenue (50,000)

Temporary difference
Gross profit on collections (20,000)
Warranty 50,000
(20,000)

20,000

Current Tax expense 8,000

Income after tax 12,000

DTL DTA Net DTA Tax rate

Gross profi Warranty

2,000 5,000 9,000 4,000 35% 1,400

2,001 7,000 16,500 9,500 32% 3,040
2,002 2,000 20,500 18,500 30% 5,550
2,003 6,000 5,000 (1,000) 30% (300)
 9,690
Current tax expense 8,000
Deferred tax assets 9,690
Deferred tax benefit 9,690
Income tax payable 8,000

Problem 16-32
Cheng Company

Taxable income 7,000

Current tax expense 2,800

4,200

Excess of Tax depr over acc depr 20,000 DTL

Unearned revenue (15,000) DTA

5,000

Net DTL 2,000

Current tax expense 2,800

Deferred tax expense 2,000
Income tax payable 2,800
Deferred tax liability 2,000
 Pretax financial taxable Current taxKor +/- Depre acc MACRS
income income
2,007 24,998 20,000 6,000 (4,998) 15,000 19,998
2,008 38,670 27,000 8,100 (11,670) 15,000 26,670
2,009 27,886 34,000 10,200 6,114 15,000 8,886
2,010 29,446 40,000 12,000 10,554 15,000 4,446

2007 2008 2009

Current tax expense 6,000 8,100 10,200
Deferred tax expense 1,499 3,501
Income tax payable 6,000 8,100 10,200
Deferred tax liability 1,499 3,501
Deferred tax liability 1,834
Deferred tax benefits 1,834

Tax expense 7,499 11,601 8,366

Pretax fin income 24,998 38,670 27,886

Tax 7,499 11,601 8,366

Diff 0 0 0
Cum DTL
temp diff
(4,998) (1,499)
(16,668) (5,000)
(10,554) (3,166)
0 0

2010
12,000

12,000

3,166
3,166

8,834

29,446

8,834

0
 2003 2004 2005 2006 2007 2008

Revenues 182,000 220,000 253,000 241,000 60,000 181,000

Expenses 150,000 170,000 180,000 196,000 193,000 155,000

32,000 50,000 73,000 45,000 (133,000) 26,000

tax rate 20% 25% 30% 25% 30% 30%

tax 6,400 12,500 21,900 11,250 7,800

Estimated refund 73,000 45,000

income tax refund receivable 33,150

income tax benefit from operating loss carryback 33,150
Deferred tax asset 4,500
allowance to reduce the DTA 4,500

Journal entries for the year 2008

cash 33,150
income tax refund receivable 33,150
allowance to reduce the DTA 4,500
DTA 4,500

Income tax expense 3,300

income tax payable 3,300
15,000
 2005 2006 2007 2008 2009
Pretax fin income 27,500 57,800 (87,300) 9,300 21,800

Temporary diff (2,500) (4,800) (2,700) (2,300) (2,800)

Taxable income 25,000 53,000 (90,000) 7,000 19,000

78,000 5,000
Income tax liability position 7,500 15,900 0 4,200
Income tax receivable 23,400

Deferred tax information

Depreciation
Temporary difference 2005 2006 2007 2008 2009
Beginning 0 2,500 7,300 10,000 12,300
Addition 2,500 4,800 2,700 2,300 2,800
Ending DTL 2,500 7,300 10,000 12,300 15,100

Operating loss carry forward 12,000 5,000 0

DTL ending 750 2,190 3,000 3,690 4,530

DTA 3,600 1,500

Income tax refund (year 2005 and 206) 23,400

Deferred tax assets 3,600

Deferred tax liability 810

Income tax benefit from loss carry back 23,400
Income tax benefit from loss carry-forward 2,790

DTA 27,000
DTL 810
Income tax benefit from loss carryforward 26,190