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I am very confused on all of these if someone could help. Thank you! Can you also show the computation? TASK: Each of the following

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I am very confused on all of these if someone could help. Thank you! Can you also show the computation?

TASK: Each of the following items may involve a book-tax difference. For each item that has a book-tax difference, do two things: 1) show the computation of the book-tax difference in the Calculations tab, and 2) enter the book-tax adjustment in one of the yellow cells on the appropriate line in column D in the Book-Tax Reconciliation tab. The calculations do not need to be elaborate (some will simply be 100% of the account balance). As an example, the calculation and adjustment for the first item (interest income) are already populated in the tabs. 1. Interest income includes $5,000 from the company's bank account, $3,000 from City of Fayetteville bonds, and $2,000 from State of Arkansas bonds. 2. The company received $60,000 in rent for spare warehouse space in 2022,$10,000 of which was unearned as of 12/31/2022. 3. The $4,000 gain in account 440 is from the sale of a piece of equipment. The company sold the equipment for $10,000. It was originally purchased for $8,000. For book purposes, $2,000 of depreciation had been expensed. For tax purposes, $5,000 of depreciation had been deducted. 4. The company has a $1,000 net capital loss carryforward from a previous year. The $3,000 gain in account 450 is from the sale of Lululemon stock the company held for investment. 5. The company wrote off $15,000 of accounts receivable during 2022 . 6. The company's tax depreciation in 2022 is $150,000. 7. The entertainment expenses in account 515 are from golf outings, concerts, and sporting events. 8. All of the interest expense in account 516 is from the company's mortgage and was not incurred to produce tax-exempt income. 9. The meals expenses in account 518 are from employee travel. 10. Miscellaneous expenses in account 519 include a $500 fine from the City of Fayetteville. 11. The company accrued $150,000 in federal income tax expense in account 598 . 12. The $20,000 charitable contribution in account 512 was paid to the Razorback Foundation, a qualifying charity. Show the charitable contribution limitation computation in the Calculations tab (which should indicate that charitable contributions are not limited)

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