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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 Taxable income

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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 Taxable income Future deductible amounts Future taxable amounta Balance (s) at beginning of the year $129 $303 $305 $392 26 31 26 31 52 ok 26 nt Deferred tax asset Deferred tax liability 4.2 20 4.2 8.4 4.2 The enacted tax rate is 40%. Required For each situation, determine the following: (Enter your answers in thousands rounded to one decimal place (le. 1.200 should be entered as 1.2). Negative amounts should be indicated by a minus sign. Leave no celi blank, enter "O wherever applicable,) c. Deferred tax as d Deferred tax lia

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