a. The EOY B/S of a firm contains a reported balance of $5k in Prepaid Insurance. If the top marginal tax rate faced by the firm is 40%, the firm should have a DTA/L of _______________.

b. A reported balance of $5k in Deferred (Unearned) Revenue suggests that the firm should have a DTA/L of _________________.

c. A reported balance of $5k in Warranty Liability suggests a DTA/L of _________________.

d. A reported balance of $5k in Accounts Receivable suggests a DTA/L of _________________.

e. A reported balance of $5k in S&W Payable suggests a DTA/L of _________________.

f. If the firm estimates a current Tax Payable of $22k, and has a DTL on their books of $3k and a DTA on their books of $7k, what would Tax Expense be for each of the above cases a-e?

g. Now assume the same data as case f. above, and that financial accounting Depreciation Expense is 25k in each of the next 4 years, but 45k, 30k, 25k in the next 3 years for tax. Tax Expense?