Reference no: EM132277246
Tab Instructions
1 Tax Provision Analysis In cell B5, add a cell reference formula to the taxable income you calculated on the Book-to-tax rec tab
2 Tax Provision Analysis In cell B14, add a formula to compute the income tax (payable)/receivable amount at 12/31/18
3 Tax Provision Analysis In cells D5 - D11, add a cell reference formula to include the temporary Schedule M descriptions from the Book-to-tax rec tab
4 Tax Provision Analysis In cells G5 - G11, add a cell reference formula to include the temporary Schedule M amounts from the Book-to-tax rec tab
5 Tax Provision Analysis In cells E5 - E11, add an "IFS" statement formula to show whether the ending deferred balance is taxable or deductible
6 Tax Provision Analysis In cells I5 - I11, add a cell reference formula to link the ending deferred balances computed per the supporting Sch. M tabs
7 Tax Prov AJEs & ETR In cell A6, copy & paste the account list drop-down box & choose Acct. 240 (income tax payable)
8 Tax Prov AJEs & ETR In cells B6 & C6, add vlookup formulas to automatically populate the description & current ending balance
9 Tax Prov AJEs & ETR In cell A7, copy & paste the account list drop-down box & choose Acct. 585 (current tax provision)
10 Tax Prov AJEs & ETR In cells B7 & C7, add vlookup formulas to automatically populate the description & current ending balance
11 Tax Prov AJEs & ETR In cell A8, copy & paste the account list drop-down box & choose Acct. 255 (deferred tax asset/liability)
12 Tax Prov AJEs & ETR In cells B8 & C8, add vlookup formulas to automatically populate the description & current ending balance
13 Tax Prov AJEs & ETR In cell A9, copy & paste the account list drop-down box & choose Acct. 586 (deferred tax provision)
14 Tax Prov AJEs & ETR In cells B9 & C9, add vlookup formulas to automatically populate the description & current ending balance
15 Tax Prov AJEs & ETR In cell D6, add a cell reference formula to the tax receivable/(payable) you calculated on the Tax Provision Analysis tab
16 Tax Prov AJEs & ETR In cell D8, add a cell reference formula to the ending deferred tax asset/(liability) you calculated on the Tax Provision Analysis tab
17 Tax Prov AJEs & ETR In cells E6 - E9, add a formula to compute the adjusting journal entry that is needed to incorporate your tax provision results
18 Tax Prov AJEs & ETR In cell I4, add a cell reference formula to the pre-tax net income per the Adjusted Fin Stmts tab
19 Tax Prov AJEs & ETR In cells H8 - H11, add a cell reference formula to include the permanent Schedule M descriptions from the Book-to-tax rec tab (excluding Federal Current Tax Expense)
20 Tax Prov AJEs & ETR In cells I8 - I11, add a cell reference formula to include the permanent Schedule M amounts from the Book-to-tax rec tab, multiplied by the 21% tax rate
21 Tax Prov AJEs & ETR In cells J8 - J11, add a formula to compute the ETR % equivalent of the applicable "Tax Effect ($)" amounts
Attachment:- tax provision project.zip