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10 Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: 6.66 points Skipped Taxable income
10 Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: 6.66 points Skipped Taxable income Future deductible amounts Future taxable amounts Balance(s) at beginning of the year: Deferred tax asset Deferred tax liability ($ in thousands) Situation 1 2 3 4 $100 $232 $228 $308 - 16 20 20 16 16 44 2 3 4 eBook 1 References The enacted tax rate is 25%. Required: For each situation, determine the following: (Enter your answers in thousands rounded to one decimal place (i.e. 1,200 should be entered as 1.2). Negative amounts should be indicated by a minus sign. Leave no cell blank, enter "0" wherever applicable.) Select the big mining things are condo del camino elemal poterever a penis hotely be Situation 1 2 3 a. Income tax payable currently b. Deferred tax asset-ending balance. c. Deferred tax asset-change. d. Deferred tax liabilityending balance. e. Deferred tax liabilitychange. f. Income tax expense
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