Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

تمرين 24

Garrison holds a controlling interest in Robertson's outstanding stock.For the current year, the following information has been gathered about these two companies: Garrison uses the initial value method to account for the investment in Robertson.Garrison's operating income figure does not include dividend income for the current year.
a.Assume that Garrison owns 80 percent of Robertson's voting stock.On a consolidated tax return, what amount of income tax is paid
b.Assume that Garrison owns 80 percent of Robertson's voting stock.On separate tax returns, what total amount of income tax is paid
c.Assume that Garrison owns 70 percent of Robertson's voting stock.What total amount of income tax expense does a consolidated income statement recognize
d.Assume that Garrison holds 60 percent of Robertson's voting stock.On a separate income tax return, what amount of income tax does Garrison have to pay