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3 21 points Eight Independent situations are described below. Each involves future deductible amounts and/or future taxable amounts (5 in millions) Temporary Differences Reported. First
3 21 points Eight Independent situations are described below. Each involves future deductible amounts and/or future taxable amounts (5 in millions) Temporary Differences Reported. First on: The Income Statement The Tax Return Revenue Expense Revenue Expense 1 524 2. $24 3. $24 4 $24 3. 19 24 6 24 19 19 19 Sapped Book 24 24 9 14 Hint Required: For each situation determine taxable income, assuming pretax accounting income is $140 million (Enter your answers in million (Le., 10,000,000 should be entered os 10).) Pitt Situations Taxable income 1 2 3 References 4 5 5 7 8
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