Assessment 5 Instructions: Deferred Assets and Liabilities

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Assessment 5

Part 1: Temporary Differences

Date

Account Title

Debit

Credit

Explanation:

Part 2: Carryback and Carryforward

Date

Account Title

Debit

Credit

Part 3: Lessee Entries: Capital Lease

Date

Account Title

Debit

Credit

Explanation:

Part 4: Lessee-Lessor Entries: Sales-Type Lease

Date

Account Title

Debit

Credit

Explanation:

1