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Cher Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: (5 in thousands) Situation $96

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Cher Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: (5 in thousands) Situation $96 228 220 296 Taxable income Future deductible amounts Future taxable amounts Balance(a) at beginning of the years Deferred tax asset Deferred tax liability The enacted tax rate is 25% Required: For each situation, determine the following: (Enter your answers in thousands rounded to one decimal place fie. 1,200 should be entered as 12). Negative amounts should be indicated by a minus sign. Leave no cell blank, enter"0" wherever applicable.) 55 $ 740 a. Income tax payable currently b. Deferred tax asset ending balance Deferred to as change d. Deferred tax liability-onding balance .. Deferred tax liability change Income tax expense

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