After reading the information on accounting for income taxes in Chapter 16 from your Intermediate Accounting text, use a Word or an Excel document to complete the following exercise and address the following problem:
· E 16-28, “Concepts; Terminology,” page 952.
· This exercise tests your knowledge of accounting terminology associated with income taxes. On the attached file, place the list A numbers (1–12), followed by the correct letter from list B.
· P 16-12, “Integrating Problem—Bonds, Leases, Taxes,” page 958.
· This problem tests your knowledge of income taxes and their implication for the issuance of bonds and presentation of them on the balance sheet.
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