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1. Corporation H's auditors prepared the following reconciliation between book and taxable income. H's tax rate is 21 percent. Net income before tax $600,000 Temporary

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1. Corporation H's auditors prepared the following reconciliation between book and taxable income. H's tax rate is 21 percent. Net income before tax $600,000 Temporary book-tax differences (76,000) Taxable income $524,000 Compute Corporation H's deferred tax assets or deferred tax liabilities (identify which) for the year

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