[Intermediate Accounting] Ch 19. Income Taxes

1. DTL Chelsea, Inc. reported revenues of $130,000 and expenses of $60,000 in each of its first three years of operations.

For tax purposes, Chelsea reported the same expenses to the tax authority in each of the years. Chelsea reported taxable revenues of $100,000 in 2022, $150,000 in 2023, and $140,000 in 2024.

What is the effect on the accounts of reporting different amounts of revenue for IFRS versus tax? Chelsea 社는 영업 첫 3년 동안 각각 130,000달러의 매출(revenues)과 60,000달러의 비용(expenses)을 보고했습니다.

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