only 1-11. 1-15 and 1-17

1-1 What is the purpose of ASC 740 ? 1-2 What types of taxes is ASC 740 applicable to? 1-3 What do the terms effective tax rate and statutory tax rate mean? 1-4 Explain the matching principle. 1-5 What is the definition of a temporary difference? Provide some examples. 1-6 What is a taxable temporary difference? 1-7 What is a deductible temporary difference? 1-8 How do you measure the amount of a temporary difference? 1-9 What is the definition of the current tax liability or benefit? 1-10. How do you calculate the current tax provision? 1-11 What is a permanent difference? IIF2 Why are certain tax benefits not recognized in the financial statements? 1-13 How do you measure the amount of the unrecognized tax benefits? 1-14. How do you calculate the deferred tax provision? Why do temporary differences create deferred tax liabilities and assets and permanent differences do not? 1-16 How does a corporation determine if it must record a valuation allowance? 1-17. When is a deferred tax asset "impaired"? to be realized? 1-19 What is a tax planning strategy for valuation allowance purposes? Give an example