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Exerclse 1 6 - 1 0 ( Algo ) Calculate Income tax amounts under varlous clrcumstances; flnanclal statement effects [ L 0 1 6 -
Exerclse Algo Calculate Income tax amounts under varlous clrcumstances; flnanclal statement effects L
Four independent situations are described below. Each Involves future deductible amounts andor future taxable amounts produced by temporary differences:
The enacted tax rate is
Requlred:
For each situation, determine the following:
Note: Enter your answers In thousands rounded to one declmal place le should be entered as Negatlve amounts should be Indicated by a minus sign. Leave no cell blank, enter o wherever applicable.
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