SlideShare a Scribd company logo
1 of 1
Merck & Co. Inc. MRK
Copy and pasteany three “Notes to the Financial Statements”
(except for the one addressing “Significant Accounting
Policies”)
Complete the following tasks and questions:
1. Does your company have a Deferred Tax Asset or Deferred
Tax Liability, or both? How much are they?
2. What was the Income Tax Expense for the year?
3. What is the Income Tax Payable or Refundable for the year?
4. How much Taxes was paid for the year?
5. Copy and paste the disclosure note that relates to Taxation.
(Note - not the one that appears in Significant Accounting
Policies)
6. Does your company have any Uncertain Tax positions? If so,
what are they for?
7. What did you find most interesting about the company’s Tax
disclosure note?

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Merck & Co. Inc. MRKCopy and pasteany three Notes to the Fina.docx

  • 1. Merck & Co. Inc. MRK Copy and pasteany three “Notes to the Financial Statements” (except for the one addressing “Significant Accounting Policies”) Complete the following tasks and questions: 1. Does your company have a Deferred Tax Asset or Deferred Tax Liability, or both? How much are they? 2. What was the Income Tax Expense for the year? 3. What is the Income Tax Payable or Refundable for the year? 4. How much Taxes was paid for the year? 5. Copy and paste the disclosure note that relates to Taxation. (Note - not the one that appears in Significant Accounting Policies) 6. Does your company have any Uncertain Tax positions? If so, what are they for? 7. What did you find most interesting about the company’s Tax disclosure note?