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Eight independent situations are described below. Each involves future deductible amounts and/or future taxable amounts: ($ in millions) Temporary Differences Reported First on: The Income

Eight independent situations are described below. Each involves future deductible amounts and/or future taxable amounts: ($ in millions) Temporary Differences Reported First on: The Income Statement The Tax Return Revenue Expense Revenue Expense 1. $ 39 2. $ 39 3. $ 39 4. $ 39 5. 34 39 6. 39 34 7. 34 39 29 8. 34 39 24 29image text in transcribed

Eight independent situations are described below. Each involves future deductible amounts and/or future taxable amounts: Required: For each situation, determine taxable income, assuming pretax accounting income is $290 million. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10)

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