Prepare a report on the companys effective tax rate

Assignment Help Taxation
Reference no: EM131328623

Comprehensive Tax Project

Please review the Financial Statements and Supplemental Information for Exxon Mobil for 2015 provided below.

Provide excerpts and related commentary for at least 12 different tax related items found in the document.

For example, you could have Income statement impacts of taxes as one item and report the income statement tax amounts under that subheading. You would also provide commentary related to each entry. For example you might note that the 2015 income tax expense went up or down for the period.

You could also report on the balance sheet tax items. For example you could report on the deferred tax assets and liabilities.
You could report on any tax related contingencies that might be discussed in the MD&A Section.
You could report on the company's effective tax rate.
You could report on cash flow issues related to taxes.
These are just some examples of what you can report on.
Your paper should be at least three full double-spaced pages.

Please make sure to use sub-headings to denote each of the 12 items.

Your commentary should provide your thoughts and insights related to the excerpts from the items you chose to discuss. The commentary should be two to three sentences for each item.

https://cdn.exxonmobil.com/~/media/global/files/investor-reports/2016/2015_Financial_Statements.pdf

Reference no: EM131328623

Questions Cloud

What would you consider an authoritative source : What would you consider an authoritative source? If you are shown an article without being told the name of the author or the journal, how you will be able to judge the quality of the article
Determine the npv and the irr for the project : Determine the NPV for the project.- Determine the IRR for the project. - Would you recommend that the firm accept or reject the project? Explain your answer.
What a deferred tax asset is and when it can be reflected : He also asks you to tell him what a deferred tax asset is and when it can be reflected on the company's books without applying a valuation allowance?
Identify two or more wellness nursing diagnoses : Identify two or more wellness nursing diagnoses based on your family assessment. Wellness and family nursing diagnoses are different than standard nursing diagnoses
Prepare a report on the companys effective tax rate : You could report on any tax related contingencies that might be discussed in the MD&A Section. You could report on the company's effective tax rate. You could report on cash flow issues related to taxes.
Calculate the payback period for each project : Calculate the payback period for each project.- Calculate the NPV of each project, assuming that the firm has a cost of capital equal to 13 percent.
Examine how leadership influences organizational performance : Determine whether or not cultural quirks could restrain the foreign manager from expressing his or her ideas readily. Provide a rationale for your response.
Minimize both state tax and international tax liabilities : He further stated that it was his understanding that the same techniques could be used to minimize both state tax and international tax liabilities.
Discusses the effects of globalization on health : How does the epidemiology and policy of Healthy People 2020 influence nursing interventions that incorporate cultural diversity and human responses? Discusses the effects of globalization on health and health systems

Reviews

Write a Review

Taxation Questions & Answers

  What is the total basis of the like-kind property received

How much is the realized gain, how much is the total boot, if any and is there mortgage boot? If so, how much

  Production and manufacturing cost data

The Sanding Department of Richards Furniture Company has the subsequent production and manufacturing cost data for March 2014, the first month of operation.

  From original question journal entriesnote none are simply

from original question journal entriesnote none are simply trading securities all have a specific name that coordinates

  Fringe benefit tax

Advise Periwinkle of its FBT consequences arising out of the above information, including calculation of any FBT liability, for the year ending 31 March 2014. You may assume that Periwinkle would be entitled to input tax credits in relation to any GS..

  Justify percentage of ownership the clients daughter

TAX 655 Milestone Two Guidelines and Rubric - Explain the tax effect based on providing $180,000 per year for the client's salary and $70,000 per year for his daughter's salary if they withdraw cash from the business or pay dividends as appropriate..

  How would you allocate the cost of the trip

You and two friends drive your car to Texas for spring break. A third friend asks if you can drop her off in Oklahoma. How would you allocate the cost of the trip among the four of you?

  Summary of the unreimbursed payments the appses

The instructions to this cumulative problem - the Forms 4562 & 8829 are already completed & can be used to assist in other problems too.

  Completion of a federal corporate tax return

This assignment requires the completion of a Federal corporate tax return, the 2015 return for the MPC Corporation.  The return involves the third year of operations of MPC Corporation.  MPC is a C Corporation

  Discuss the applicable federal tax laws and rulings

Discuss the applicable federal tax laws, regulations, rulings, and court cases related to the inventory write-downs, and explain the specific relevance of each to the write-down.

  Tim runs his an advertising agency during the year he

tim runs his an advertising agency. during the year he incurred the following expensessalary costs of 200000salary

  What is international business companys total tax liability

What would International Business Company's total tax liability for both divisions be if it used the $ 7 million transfer price? What would the liability be if it used the $14 million transfer price?

  Determine a franchisee''s breakeven sales in dollars

Is franchising a good idea for Wong if franchisees want a minimum monthly operating income of $6,000 and Wong believes that most locations could generate $26,000 in monthly sales?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd