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Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: ($ in thousands) situation $13) 311

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Four independent situations are described below. Each involves future deductible amounts and/or future taxable amounts produced by temporary differences: ($ in thousands) situation $13) 311 315 $404 27 Taxable income Future deductible amounts Future taxable amounts Balance() at beginning of the year Deferred tax asset Deferred tax liability 4.4 218. The enacted tax rate is 40% 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.) a. Income tax payable currently, b. Deferred tax asset-balance. c. Deferred tax asset-change d. Deferred tax liability-balance. Deferred tax liability-change f. Income tax expense

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