ACCT 557 WEEK 2 Workout Room Application
This week we will cover quite a few different aspects of accounting for income taxes. (See the Assignment area to get a jump on some of the problems we'll be concentrating on in this thread.) Before we start doing the problems together, what are the steps in reconciling pretax financial income and taxable income? What schedules are required for tax returns to reconcile these? And how is this reconciliation disclosed to the financial community? Let- start with Brief Exercise 19-8.