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1. Which of the differences described in 1 5 above are temporary, and which are permanent? Explain your answer. 2. Prepare a schedule which

1. Which of the differences described in 1 – 5 above are temporary, and which are permanent? Explain your answer. 2. Prepare a schedule which reconciles the difference between pretax accounting income and taxable income for 2018. 3. Prepare the appropriate journal entry for 2018. 4. Show how the 2018 deferred tax amounts should be classified and reported on the 2018 balance sheet.

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