Financial statement analysis

1)Give a summary journal entry that reflects the entries BORGWARNER INC.

made to record income tax expense for 2019.

2) Assuming no carryforwards expired during the year, give the journal entry

BORGWARNER INC. made to record the change in its valuation allowance during 2019

3.Indicate the amount of cash paid by BORGWARNER INC. for income taxes in 2019?

5.At the end of the 2019 fiscal year are BORGWARNER INC. pension plans overfunded or underfunded? Give the direction and amount.

6.Determine the amount, if any, of gain or loss due to the return on plan assets for

BORGWARNER INC. defined benefit pension plans during 2019.

7.What is the balance of BORGWARNER INC. defined-benefit-pension-related accumulated other comprehensive income for U.S. plans at the end of 2019? Is it a debit or credit balance?

8.What effect did U.S. defined-benefit pension plans have on BORGWARNER INC.

2019 pre-tax income? Give the direction and amount.

9.What amount(s) related to BORGWARNER INC. nonpension (primarily health care) will be included in the 2019 statement of cash flows? Give the direction and amount.

10. Indicate the effect of BORGWARNER INC. capital leases on cash flow from operations for 2019. Is this an inflow or outflow?

11.Determine the present value of BORGWARNER INC. minimum lease obligations when the leases were originally recorded