Corporation h’s auditors prepared the following reconciliation between book and taxable income. h’s tax rate is 35 percent. net income before tax $ 630,000 permanent book/tax differences 30,000 temporary book/tax differences (91,000 ) taxable income $ 569,000 compute corporation h’s tax expense for financial statement purposes. compute corporation h’s tax payable. compute the net increase in corporation h’s deferred tax assets or deferred tax liabilities (identify which) for the year.

Mark knopf is an auditor who has been asked to provide an audit and financial statement certification for a company that is going public on the new york stock exchange. knopf wants to know his personal liability if the company provides him with inaccurate or false information. which of the following sources of law will him answer that question? a. the city ordinances where the company headquarters is located. b. the state constitution of the state where the company is incorporated. c. code of federal regulations. d. all of the above