Tiêu đề Quiz KTQTE2.pdf ✅

Quiz cuối buổi 2 trên meet: Câu hỏi trắc nghiệm A tax base of an asset or a liability is: a. The amount that can be deductible in the future tax return with respect to that asset or liability b. Difference between the temporary difference of that asset or liability and its fair value. c. The amount attributed to that asset or liability for tax purposes. d. Difference between the temporary difference of that asset of liability and the present value of future cash flows derived from that asset or liability. Câu hỏi trắc nghiệm • An asset is used for production, costed CU100,000. This asset will be scrapped at the end of its 10 year useful life at Zero. This asset has been used for 2 years. Accumulation of this asset for tax purposes is CU40,000. Revenue created by this assets is taxed 10%. Tax base of this asset is a. CU100,000 b. Cu 0 c. CU40.000 d. CU60.000 CA =80 000 TB = 60.000 Câu hỏi trắc nghiệm Which of the following statements is true? a. The difference between the carrying amount of a revalued asset and its tax base is a temporary difference. b. Temporary differences arise when deferred tax is applied c. Differences arising from fair value adjustments are treated separately for deferred tax d. A deductible temporary difference generates a deferred tax liability
Câu hỏi trắc nghiệm Current liabilities include accrued expenses with a carrying amount of $2.000. The related expense has already been deducted for tax purposes. The tax base of the accrued expenses is: a) $0 b) $500 c) $1000 d) $2.000 CA = 2000 TB = CA - future deductible = 2000 - 0 = 2000 ( The related expense has already been deducted for tax purposes → Đã được khấu trừ rồi nên tương lai không khấu trừ nữa nên future deductible = 0) Câu hỏi trắc nghiệm A company recognized an interest receivable of CU 1.000 as at 31 December 20X1. The interest will be paid by the bank in March 20X2. Tax legislation requires taxing interest on a cash basis. Assume tax rate of 30%. A company should recognize: a.Deferred tax liability of CU 300 b. Deferred tax asset of CU 300. c. Nothing. d. Current tax liability of CU 300. CA = 1000 TB = future deductible = 0 ( vì Tax legislation requires taxing interest on a cash basis là theo luật thuế thì khoản này sẽ phải tính thuế trên cơ sở tiền, tức là trong tương lai nhận được tiền thì khoản này sẽ phải chịu thuế, ko đc khấu trừ nên future deductible = 0) Câu hỏi trắc nghiệm
An entity issued a convertible bond on January 1, 20X4, that matures in five years. The bond can be converted into ordinary shares at any time. The entity has calculated that the liability and equity components of the bond are $3 million for the liability component and $1 million for the equity component, giving a total amount of the bond of $4 million The interest rate on the bond is 6%, and local tax legislation allows a tax deduction for the interest paid in cash. Calculate the deferred tax liability arising on the bond as at the year ending December 31, 20X4. The local tax rate is 30%. a. $1.2 million. b. $900,000 c. $300,000 d. $4 million. Này là NPT: CA = 3 millions TB = 4 millions CLTTDKT = 1 millions → Thuế hoãn lại là: 300000 Câu hỏi trắc nghiệm In 20x0, Fasta Co has the following balances included on its trial balance at 31 December Current tax expense $117,000 Deferred tax asset: $20.000 (Opening balance: $5,000) Deferred tax liability: $10,000 (Opening balance: $15,000) In 20x0, Fasta Co first time revalued its non-current assets and recognized a surplus of $10,000. Tax rate is 30% What is the total income tax expense presented in Fasta Co in 20x0? a. 110.000 b.124.000 c.100.000 d. 94.000
QUIZ 1: 1/ Deferred tax shall never be recognized for: a. Tax losses and tax credits b. Research expenses paid in previous periods that are not shown in the statement of financial position but will be tax deductible in the future. c. Machinery revalued to its fair value. d. Goodwill arising on business combination (Note 2 của cô) 2/ The difference between the carrying amount of a revalued asset and its tax base is a: a. Permanent difference b. Temporary difference (slide cô) c. It can either be temporary difference or a permanent difference 3/Under IAS 12, if the tax base of an asset is higher than its carrying amount, a temporary difference is: a. taxable b. either taxable or deductible c. neither taxable or deductible d. deductible ( Do GTGS của TS < TB) 4/ Deferred tax relates to: (i) Deductible temporary differences; (ii) Unused tax losses; (iii) Unused tax credits; (iv) Taxable temporary differences; (v) permanent differences a. (i) to (v) all b. (i) and (ii) only c. (i), (ii), (iii) and (iv) only (Slide cô Thanh) d. (i), (ii) and(iii) only 5/ The current liabilities of an entity include fines and penalties for environmental damage. The fines and penalties are stated at $10 million. The