|LO 17-1||Explain the objectives behind FASB ASC Topic 740, Income Taxes, and the income tax provision process.
|LO 17-2||Calculate the current and deferred income tax expense or
benefit components of a company's income tax provision.
|LO 17-3||Recall what a valuation allowance represents and describe
the process by which it is determined.
|LO 17-4||Explain how a company accounts for its uncertain income
tax positions under FASB ASC Topic 740.
|LO 17-5||Recognize the different components of a company's disclosure
of its income tax accounts in the financial statements and
footnotes and comprehend how a company computes and
discloses the components of its "effective tax rate."