Monday, May 25, 2020
Personal Narrative Gum And Classical Music - 848 Words
Gum chewing and classical music. Seemingly unrelated but, they are the two things that can be heard outside of Mia Grateââ¬â¢s bedroom on any given night. The girl was constantly locked and loaded with a pack of Stride spearmint gum and a fragment of a sonata stuck on repeat in her head. As Mia will tell you, with an additional 50 other fun facts you did not ask to hear, gum and classical music are known to help you retain your memory and therefore aid your studying. It was early May and she smiled a bit to herself as she thought of summer approaching. It was a Thursday night when Mia was sitting on her bed gazing at her Columbia University dream board with its new addition- her acceptance letter. A twinge of fear poked at her stomach as sheâ⬠¦show more contentâ⬠¦A soft knock disrupted the classical music. ââ¬Å"Come iiiiin.â⬠Miaââ¬â¢s Dad peeked his head inside. ââ¬Å"Hey kiddo, howââ¬â¢s the studying going?â⬠ââ¬Å"Fine.â⬠She fought the urge to roll her eyes at him. ââ¬Å"Have you taken a look at U.R.I yet?â⬠ââ¬Å"No, because someone definitely hasnââ¬â¢t put flyers for it in my car, backpack, and literally underneath my pillow.â⬠Her voice dripped with sarcasm as her Dad sat down on the bed. ââ¬Å"Honey, that instate tuition just canââ¬â¢t be beat.â⬠The same argument over and over and over again. Mia didnââ¬â¢t even waste her breath in explaining how Columbia was her dream. They danced this dance over and over again and Miaââ¬â¢s feet were getting tired. ââ¬Å"Weââ¬â¢re not doing this right now.â⬠ââ¬Å"Mia you need to make a-â⬠ââ¬Å"I said not right now.â⬠She punctuated each word and turned away from her father. With a heavy sigh he left the room alone. Mia simply turned back to her books and returned studying but couldn t escape the gnawing feeling at her heart. The next day Mia and Craig sat down at a slightly sticky table at Ginoââ¬â¢s Pizzeria as he discussed in great detail an episode of South Park he had seen the night before. ââ¬Å"As thrilling as this is can we talk about something important.â⬠ââ¬Å"What could be more important than Kenny dying again?â⬠ââ¬Å"Cââ¬â¢mon Iââ¬â¢m being serious. What am I gonna do about Columbia?â⬠Craig picked up a cheese fry and popped it into his mouth. ââ¬Å"Go to U.R.I.- problem solved. Jesus too hot too hot.â⬠Craig hung his mouth open andShow MoreRelated Erica Carter - Young Women and their Relationship to Consumerism4438 Words à |à 18 Pagessubcultures in the post-war period. Many analysts of sub-cultural deviance and opposition dislike the plastic glamour of commercialized youth culture; they notice subversions of dominant forms (Carter, p. 104). Appropriating commodities from fashion, music, and media industries, subcultural youths reassemble them into symbolic systems of their own, which strike chords of disenchantment, rebellion, and resistance. The analyses themselves are founded on a number of unspoken oppositions: conformity andRead MoreProduct Placement10682 Words à |à 43 Pagesbrand names appeared in movies from cinemas earliest history. Before films were even narrative forms in the sense that they are recognised today, industrial concerns funded the making of what film scholar Tom Gunning has described as cinematic attractions[9] these were short films of no longer than o ne or two minutes. In the first decade or so of film history (1895-1907) audiences did not go to see films as narrative art forms but as fairground attractions interesting for the amazing visual effectsRead MoreProduct Placement10670 Words à |à 43 Pagesbrand names appeared in movies from cinemas earliest history. Before films were even narrative forms in the sense that they are recognised today, industrial concerns funded the making of what film scholar Tom Gunning has described as cinematic attractions[9] these were short films of no longer than one or two minutes. In the first decade or so of film history (1895-1907) audiences did not go to see films as narrative art forms but as fairground attractions interesting for the amazing visual effectsRead MoreThe Starbucks Brandscape and Consumers10413 Words à |à 42 Pagesexperiences and social interactions. To better theorize these aspects of glocalization, we develop the concept of the hegemonic brandscape. In the consumer research literature, the brandscape generally refers to consumers active constructions of personal meanings and lifestyle orientations from the symbolic resources provided by an array of brands (Sherry 1998, p. 112). We reconfigure this consumercentric definition to encompass the hegemonic influences that global experiendal brands exert onRead MoreStudy Habits6353 Words à |à 26 Pageshis/her study session and the individuals study habits showed that the main effect of drinking caffeine on exam preparation was not significant There were participants, 20 male and 58 female college students (N=78), answered self-ratings on their personal consumption of caffeine as well as their study habits when preparing for a test/exam. It was hypothesized that the more caffeine a student consumes while studying, the more accurately his or her study habits would be labelled as unhealthy, as determinedRead More Art, Literature And Society From 1955-1970 Essay examples5829 Words à |à 24 Pagesremember that Adam and Eve were naked in the garden) but he also does not have to deal with temptations of the flesh, because he simply doesnââ¬â¢t have any. The next interesting image is the quot;wishing well with a golden bell.quot; It follows the classical notion that hell is located at t he center of the earth, as can be seen in the line quot;bucket hanging clear to hell.quot; This image is also found in several other Grateful Dead songs. The fascinating part about this scene is that instead of fillingRead Morepreschool Essay46149 Words à |à 185 Pageschildren can demonstrate their knowledge and skills using any language or, for most of the foundations, through nonverbal means. Many children effectively apply their often more-advanced ability in their home language to understand, for example, art, music, drama, and dance concepts; movement concepts; and health concepts. Other children may have a disability xi xii or special need that requires particular adaptations.1 To serve all children, preschool programs must work to provide appropriateRead MoreFor Against by L.G. Alexander31987 Words à |à 128 Pagesbiggest money waster 29 Violence can do nothing to diminish race prejudice 30 The most important of all human qualities is a sense of humour FORTY ADDITIONAL TOPICS 64 66 The arguments put forward in these essays do not necessarily reflect the personal opinions of the author. vi To the Teacher THE CONVERSATION LESSON In most advanced English courses, time is usually set aside for conversation lessons. These can be the most difficult and most unrewarding of all the lessons the teacherRead MoreLogical Reasoning189930 Words à |à 760 Pagesdonââ¬â¢t call then letââ¬â¢s go to plan B. ââ" 5. The sentence below is quite likely a. an argument or explanation b. neither an argument nor an explanation Dynamic Random Access Memory (DRAM) chips were once the popular choice for memory storage on personal computers since, unlike the SRAM chip, they were less expensive per byte and the DRAM design essentially required using only one transistor per bit.41 39 Answer (c). Answer (a), assuming you are going to take this question seriously, but
Thursday, May 14, 2020
The Little White Bird By J. M. A Brief - 1457 Words
J. M. Barrie wrote about a typical boy based loosely on the Llewellyn Davies family. Barrie could not have known how the world would change when he introduced Peter Pan in 1902ââ¬â¢s The Little White Bird or that Peter Pan would be adapted over and over one hundred years later. He could not have imagined the psychiatric term for men the ââ¬Å"Peter Pan Syndromeâ⬠being a phenomenon. Barrie simply told a story by using characters and life events and creating a childrenââ¬â¢s story of fantasy. Peter Pan was not traditional in the sense that it tapped into the child at the heart of every human young and old. Barrie was a visionary as well as a writer as he saw brilliance in tragedy and wrote about what human desires to remain youthful and act from an untainted point of view without restrictions. He supplied the child and adult with fantastic escapades of fear and violence, escape from responsibility and shows death as only one more adventure. Barrie met the Llewellyn Da vies boys Barrie while he was running away from all his own losses, perhaps he just wanted to keep running and take them all with him. Adaptation-Finding Neverland Finding Neverland delves into the relationship between J. M. Barrie and the fatherless Llewelyn Davies family that led to the story of Peter Pan. Cultural codes set times and places are established through the setting of London as well as the time presented. The setting is in London in 1904 where Barrie and the Llewelyn Davies family meet in Kensington GardensShow MoreRelatedReflection for ââ¬Å"I Know Why the Caged Bird Singsâ⬠2242 Words à |à 9 PagesReflection for ââ¬Å"I Know Why the Caged Bird Singsâ⬠Abstract This essay consists of three sections. The first section, a brief synopsis of the book ââ¬Å"I know why caged bird singsâ⬠is presented. At the second part, three insights after reading the book are introduced. That is, metaphor of caged bird, power of literacy, and power of silence. At the last section, discipline-specific knowledge that relevant to the main character of book is stated. Synopsis of the Text This autobiographyRead MoreApa Format2671 Words à |à 11 PagesAnnoying APA Format Stuff: A Brief Overview of the 6th Edition Scott W. Plunkett California State University, Northridge Noh Wahnelse and I. M. N. Oyed University of Invisible Students Authorsââ¬â¢ names should appear in order of their contribution to the manuscript. Author Note Scott W. Plunkett, Department of Psychology, California State University Northridge. Noh Wahnelse, Department of Paranormal Experiences and Life Events, University of Invisible Students. I. M. N. Oyed, Department of AngerRead MoreLa Brea Tar Pits2573 Words à |à 11 Pagestar pits attracted oil men, as asphaltum is often associated with petroleum. Then, [w]hen W. W. Orcutt, the original organizer of the geological department of Union Oil of California, reexamined the area in 1901, he discovered a vast mosaic of white bones on the surface of a pool of asphalt--the skeleton of a giant ground sloth, a huge armored animal that had been extinct for millions of years. As paleontologists subsequently probed the La Brea tar pits, it became obvious that the heavy asphaltRead MoreEssay Impact of Global Warming on Species2592 Words à |à 11 PagesThousands of species have become extinct over the last four decades as a result of changes in land use and as a result of global warming. Whether or not the millions of species can adapt and evolve to climate changes is debatable. As this brief overview will report, the human species is not adapting well to the changes. It must be remembered that increases in the levels of carbon dioxide are certainly responsible for the risk many species face, but so is the way land is used, e.g., rain forest destr uctionRead MoreSpace Exploration: The Key to the Future of Mankind Essay2035 Words à |à 9 Pagesbecause our planet has a finite resource base for future populace support, we are at an increased risk of mass extinction without dissemination and cosmic expeditions promote innovation to stimulate growth and technological advancement. In our brief history, Homo sapiens have occupied our planet for nearly 200,000 years. From our origins, we banded together in small nomadic groups, as the hunters and gatherers that foraged the Earth for survival. The resources of our lands were abundant, supplyingRead MoreMobile Learning7438 Words à |à 30 Pagescommon and accessible, learners will be able to participate in this international Internet communication. Appeal The ability to appeal to a learner is critical for his/her learning process. Mitchell and Doherty (2003) believe that the majority of m-Learning target audiences lack basic skills because they are not interested in taking part in traditional education and training. An experiment is planned at Copenhagen University to provide PDAs with scanning pens to learners with reading difficultiesRead MoreA Third Faction : Cherokee3375 Words à |à 14 Pagesduring the Indian removal, but being pragmatic is more important than holding a grudge. The Cherokee elite were not so different from Southern plantation owners in that they owned slaves, so they aligned with the side that shared a common interest. Little is ever spoken of Cherokee involvement in the war, but their influence was substantial in its outcome. Many battles, particularly in the west, involved Cherokee soldiers, and some were even led by a Cherokee general. When Jefferson Davis becameRead MoreBeyond Sophisticated Stereotyping10228 Words à |à 41 PagesBeyond Sophisticated Stereotyping: Cultural Sensemaking in Context [and Executive Commentaries] Author(s): Joyce S. Osland, Allan Bird, June Delano and Mathew Jacob Source: The Academy of Management Executive (1993-2005), Vol. 14, No. 1, Themes: Forming Impressions and Giving Feedback (Feb., 2000), pp. 65-79 Published by: Academy of Management Stable URL: http://www.jstor.org/stable/4165609 . Accessed: 05/08/2013 09:54 Your use of the JSTOR archive indicates your acceptance of the Terms Read MoreLaci Peterson5018 Words à |à 21 PagesFamilies THE IMMEDIATE FAMILY Laci Peterson (Laci Denise Peterson, nee Rocha) Substitute teacher; on December 24, 2002, reported missing while pregnant at the age of 27; had partial remains found April 14, 2003; described as 51, about 140 pounds, white, with shoulder-length brown hair and brown eyes, with dimples on both cheeks and a tattoo of a sunflower on her ankle; called one of Americas best-known murder victims by the Modesto Bee; nicknamed Jabber Jaws and J.J. by family, and Cake LadyRead MoreFood in Literature: a Book Review on Charlie and the Chocolate Factor5984 Words à |à 24 Pagesexperiments on creating new chocolates took place, and he imagined that they would be like a laboratories full of scientists with white coats concocting chocolates and candies. He dreamt of becoming an inventor and to create chocolates that would excite even Mr. Cadbury himself. As he wrote in his autobiography, ââ¬Å"I have no doubt at all that, 35 years later â⬠¦ I remembered those little cardboard boxes and the newly invented chocolates inside them, and I began to write a book called Charlie and the Chocolate
Wednesday, May 6, 2020
Family Counseling Approach Narrative Counseling - 3210 Words
Abstract Through narrative therapy a counselor can help clients gain access to preferred story lines about their lives and identities taking the place of previous negative and self-defeating narratives that destroy the self. Presented in this paper, is an overview of the Narrative therapy and the Social Construction Model and several facets of this approach including poststrucuralism, deconstructionism, self-narratives, cultural narratives, therapeutic conversations, ceremonies, letters and leagues. A personal integration of faith in this family counseling approach is presented and discussed also in this paper. NARUMI AMADORââ¬â¢S FAMILY CONSELING APPROACH Introduction Narrative therapy is found under theâ⬠¦show more contentâ⬠¦Storytelling and narrative usage prove to be successful and useful in psychotherapy practices (Rennie, 1994). Narrative therapy emerged from postconstructuralism and deconstruction (Goldenberg Goldenberg, 2008). Poststructural thought disagrees with the idea that there is a deep structure to all phenomena which can be broken down into its elements (Goldenberg Goldenberg, 2008). Therapy must look for deep, underlying causes, repair the flaw and not be satisfied with simply reducing or eliminating symptoms. Deconstructing old notions and replacing them with possibilities reduces the power of the stories that dominate and are filled with problems (Goldenberg Goldenberg, 2009). The stories are given thick descriptions rather than thin descriptions and the new story of a clientââ¬â¢s life is connected to future options. According to Angus Hardtke (2001) NPCS (Narrative Process Coding System) helped narrative deconstruction and reconstruction by enabling raters to subdivide therapy session transcripts into segments. This is a two step process which divides and characterizes topic segments in terms of the narrative process codes as external/description of events, subjective/experiential description and reflective analysis of current, past and future events. It is a systematic and reliable method for segmenting of therapy transcripts into units for further a nalyses, and a useful tool for psychotherapy researchers hoping to further understand theShow MoreRelatedFamily Counseling Approach - Narrative Therapy Essay2804 Words à |à 12 PagesFamily Counseling Approach ââ¬â Narrative Therapy Kristi Sabbides Moos Liberty University Marriage and Family Counseling I May 13, 2011 Dr. Suhad Sadik, Instructor Abstract Narrative therapy focuses on helping clients gain access to preferred story lines about their lives and identities and takes the place of previous negative and self-defeating narratives about themselves. An overview of the Social Construction Model, Narrative Therapy, is presented, as wellRead MoreNarrative Analysis : Narrative Therapy757 Words à |à 4 PagesNarrative therapy is one of the post-modern therapies used today. Narrative therapy helps individuals identify their values, skills, and knowledge they have to effectively face problems in their lives. The key ideas of narrative therapy are: peopleââ¬â¢s stories give meaning to their lives, stories are shaped by emotional themes, a personââ¬â¢s story shapes his/her personality, people seek counseling when their stories do not match their lived experiences, and people who have less social power benefit greatlyRead MoreToward Intentional Interviewing and Counseling1652 Words à |à 7 PagesInterviewing and Counselin g INTRODUCTION: WHAT IS THE ââ¬Å"CORRECTâ⬠RESPONSE TO OFFER A CLIENT? * There are many potentially useful responses in any interviewing situation. * Reflecting the clientââ¬â¢s emotions can be helpful. * Selecting one aspect to focus on can be useful, and then later you can examine other dimensions by asking an open question. * Our tasks: * Respect the client * Use appropriate skills and strategies * Seek to alleviate stress INTERVIEWING, COUNSELING, AND PSYCHOTHERAPYRead MoreNarrative Therapy1612 Words à |à 7 PagesNarrative therapy is a family counseling approach that continues to evolve and gain popularity in the field of therapy (Chang Nylund, 2013). Given the continued strides of narrative therapy this is a family counseling approach worthy of research. This paper will detail the beginnings of narrative therapy and those responsible for its development. Although White and Epston are the leading figures of narrative therapy many individuals with varying backgrounds and beliefs influenced their thinkingRead MoreThe Our Lady Of Lake Community Counseling Center1545 Words à |à 7 PagesCommunity Counseling Center (CCS) purpose is to provide private, affordable counseling services for families, couples and individuals, which focuses on strengths and solutions (Community Counseling Service, n.d.). The center is designed to help people and their families to function better with their feelings, and eng age in healthier relationships. CCS helps with the mental health needs of all San Antonio, but its target population is the community on the West Side of the city (Community Counseling ServiceRead MoreCouples And Families Face Challenges3231 Words à |à 13 PagesMany couples and families face challenges. There will be challenges in every relationship in life. Families are always expanding and the structures of families are always changes. These changes and adjustments play a significant part in our lives. Our lives are made of so many components. It families can t adjust to the changes presented in life members of the unit will to drift. It is very important for family members to understand their own capabilities and also now the capabilities of the otherRead MoreSolution Focused Brief Therapy ( Sfbt ) For The Treatment Of Ana Essay970 Words à |à 4 Pageshomeless. She currently is a single parent due to her husband being deployed in a combat zone overseas for the next eight months. Ana is a first generation i mmigrant from Guatemala; she comes from a large family. She claims to have a close relationship with her family but has not seen her family for about a year. Her father is a banker and her mother an educator, her three siblings all has graduated college and have professional careers. Ana has completed one year of college, but needed to leave schoolRead MoreNarrative Therapy By Michael White And Davis Epston1118 Words à |à 5 Pages Theory Overviews: Narrative Therapy Narrative therapy was developed by Michael White and Davis Epston in during the 1980 s. Narrative therapy is described as a ââ¬Å" collaboration and non-pathologizing approach to counseling and community work which centres people as the experts on their own livesâ⬠(Narrative Therapy Centre, 2014). The basis of this theory is to separate the person from the problem so they rely on their own skill sets to eliminate their problems. Narrative therapy allows people toRead MorePerson Centered Therapy : A Type Of Therapeutic Approach Essay1581 Words à |à 7 Pagesdifferent approaches to how and what therapies are best to use when treating a range of clients. Freud, Erickson, Maslow, and Carl Rogers are some of the few that recognized an importance in a type of therapeutic approach. However, while each man has their own different take on therapeutic approach, the main thing that is unavoidable between them all is that the beginning of healing starts with self. Person Centered Therapy Person Centered Therapy, also recognized as client centered therapy promotes anRead MoreThe Treatment Of Young Victims Of Child Sexual Abuse1464 Words à |à 6 PagesAbstract The treatment of young victims of child sexual abuse can be demanding for the victim, the victimââ¬â¢s family, and the counselor. The trauma associated with the abuse and the time it may take the child to heal can become very overwhelming. There are barriers, such as a lack of family support and lack of disclosure, which may block victims of child sexual abuse from successful treatment. Overcoming these barriers and incorporating multiple methods of treatment can be beneficial for the victim
Tuesday, May 5, 2020
Implication of Tax and its Treatments
Questions: Mr Tom Crane, the president of Australian Crane Mining Enterprises (ACME), informed you that ACME has an accounting profit before tax (PBT) of $550,000, the corporate tax rate is 30 percent, and (during the tax year) WCIL experienced and journalised the following items:i. Goodwill was found to be impaired and was written down by $50,000.ii. During the year, the CIL sales people spent $35,000 entertaining customers.iii. A $240,000 fine for unlawful environmental degradation after one of its tailings-pond dam broke and contaminated sensitive wetlands with slurry.iv. Payments of $50,000 to lawyers who represented ACME in an unsuccessful court challenge of the above fine.v. Prepaid rent of $200,000 was paid for a new warehouse that will be used in the following tax year.vi. Dividends of $45,000 were paid to common shareholders.vii. An accounting depreciation expense of $100,000 and for tax purposes will claim depreciation of $180,000.viii. An accounting Warranty Expense of $300,000 and a ctual payouts for warranty costs of $280,000.ix. Long service leave payments of $335,000 and accruals of $240,000x. The Bad Debt Expense for accounting purposes was $83,000 and during the year $63,000 in Accounts Receivable (A/R) was written-off.Required:In Good memo form provide Mr Tom Crane with the:a) Income Tax Expense and show the workings.b) Income Tax Payable and show the workings.c) Difference between the Income Tax Expense and the Income Tax Payable say what it is called and discuss whether its attributes the same as any other asset/(liability)? Answers: Date: 28th January 2015 To: Mr. Tom Crane From: John Dell, CPA Subject: Re: Implication of Tax and its treatments Context: We have provided you the consequences regarding tax that you will come across in your query. Respected Sir, We received you queries dated 26th January 2015. We are glad to inform you the tax consequences of the same. The first part is regarding the income tax expenses along with the workings. The calculations are done as follows A) Particulars Note No. Amount Amount Accounting Profit Before Tax $5,50,000.00 Add Inadmissible Expense Goodwill 1 - Entertainment Expense 2 - Fine for environmental degradation 3 $2,40,000.00 Payment to lawyer 4 $50,000.00 Dividend 5 - Depreciation provided in Books 6 $1,00,000.00 Warranty Provision 7 $3,00,000.00 $6,90,000.00 Less Admissible Expense Depreciation as per Tax 8 $1,80,000.00 Warranty Expense 9 $2,80,000.00 Prepaid Rent 10 $2,00,000.00 Additional Bad Debt expenses 11 $20,000.00 $6,80,000.00 Net Profit for tax purpose $5,60,000.00 Tax @ 30% $1,68,000.00 Profit After Tax $3,92,000.00 Notes to account 1. Impairment expense is allowed as a deduction from the income tax. Impairment of an asset takes place when the value of an asset be it tangible or intangible falls below the value stated in the books of accounts than we can say that the asset has been impaired. The impairment loss i.e. the difference between book value and the market value is charged to profit and loss account. This expense is allowable for tax purpose.2. Entertainment expense for the customers is allowable for tax purpose. Such expense was incurred for business purpose. After such expense some customers will become loyal. So such expense is allowable for tax purpose 3. $240000 was paid as a fine for unlawful environmental degradation after one of its tailings- pond dam broke and contaminated sensitive wetlands with slurry. Any expense in nature if fine is not allowed for tax purpose. Such expense are illegal in nature so it is added back to the profit before tax4. The payment made of $50,000 to lawyers who represe nted ACME in an unsuccessful court challenge of the above fine is also not allowed as expenditure to be deducted from profit for tax purpose. Payment of fine for illegal activities is not allowed. Apart from that the expense incurred in relation with illegal expenditure is also not allowed. In case if the 5. Dividend expense is not tax deductible. Tax is paid separately on dividends6. Depreciation provided in the books is added but depreciation as per income tax is allowed to be deducted from profit and loss account7. All kinds of provisions are not allowed as per the provision for income tax. The actual expense is allowed as per income tax.8. Prepaid rent is paid for more than one year and whole of the expense is claimed as a deduction from the profit. So it is added back9. The additional bad debt is claimed as a deduction.In the next part you have asked to show you the income tax payable. We would like to inform you that the income tax expense is different from income tax payable because of the timing difference. The company is required to follow the provision of Minimum Alternate Tax wherein there is a difference between profits as per accounts and profit as per tax. The company has to calculate the tax liability as per both the methods and has to pay tax on whichever is higher from the above two.The income tax payable expense is calculated as follows B) Particulars Note No. Amount Amount Accounting Profit Before Tax $5,50,000.00 Add Inadmissible Expense Goodwill - Entertainment Expense - Fine for environmental degradation $2,40,000.00 Payment to lawyer $50,000.00 Dividend - Depreciation provided in Books $1,00,000.00 Warranty Provision $3,00,000.00 $6,90,000.00 Less Admissible Expense Depreciation as per Tax $1,80,000.00 Warranty Expense $2,80,000.00 Prepaid Rent $2,00,000.00 Additional Bad Debt expense $20,000.00 $6,80,000.00 Net Profit for tax purpose $5,60,000.00 Add Temporary differences Depreciation Note 1 $80,000.00 Warranty Provision Note 2 -$20,000.00 Prepaid Rent Note 3 -$20,000.00 $6,00,000.00 Tax @ 30% $1,80,000.00 Income tax payable $180000 Note 1: There is a difference between depreciation expense claimed in the books and the depreciation expense as per income tax. This creates deferred tax asset as the company will be benefitted in future by paying higher tax in the current year. Note 2: Provision for warranty is not allowed as per income tax but has been claimed in books. This creates deferred tax asset as the company will be benefitted in future by paying higher tax in the current year Note 3: Prepaid Rent is the expense of future year and is charged to current year. This creates deferred tax asset as the company will be benefitted in future by paying higher tax in the current year In the final part you asked us the difference between Income tax expense and Income tax payable. C) There is a difference between income tax payable and income tax expense. Income tax payable includes deferred tax and future tax expense. A deferred tax asset A deferred tax asset shall be recognised for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilised, unless the deferred tax asset arises from the initial recognition of an asset or liability in a transaction that is not a business combination; and at the time of the transaction, affects neither accounting profit nor taxable profit tax loss Whereas the income tax expense as per the income tax assessment act only those expenses are allowable which are stated under the act. Conclusion Profit after tax is $392000 where as income tax payable is $180000. There is a difference between income tax payable and tax as per profit. The reason for such difference is due to the fact that as per the income tax assessment act only those expenses are allowable which are stated under the act. References Income Taxes, 2013, AASB 112, viewed on 27th January 2015 available at https://www.aasb.gov.au/admin/file/content105/c9/AASB112_07-04_COMPsep11_07-12.pdf Blind Freddy, 2012, Common errors while applying AASB 112 viewed on 27th January 2015 available at https://www.bdo.com.au/resources/newsletters/accounting-news/accounting-news,-september-2012/blind-freddy-continued-common-errors-when-applying-aasb-112-income-taxes Australian Government ComLaw, AASB 112 Income Taxes July 2004, viewed on 27th January 2015 available at https://www.comlaw.gov.au/Details/F2012C00154
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