Chapter 18, Problem 8C

1.

To determine

Determine the total income tax related to income from continuing operations before income taxes for 2013. Identify the income tax that was current and deferred.

2.

To determine

Determine the total gross deferred assets, total deferred tax liabilities and net deferred tax liability of Company C.

3.

To determine

Determine the non-current deferred tax liability as on December 31, 2013 and manner of reporting in the financial statement.

4.

To determine

Determine the amount of operating loss carry forwards at the end of 2013 and identify the time period for the utilization of losses.