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Four independent situations are destaioed below. Each lmrotves tuture deductible amounts andlor future taxable amounts produced by temporary differences: - at I...;_-.-. .;I '-.-~-.' I

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Four independent situations are destaioed below. Each lmrotves tuture deductible amounts andlor future taxable amounts produced by temporary differences: - at\" I...;_-.-. .;I '-.-~-.' I Taxable income 5 B5 5215 5155 5 251} Future demble amounts 15 ED 20 Future taxable amounts 15 15 35 Balancels} at beginning of the year. Deferred tax asset 2 9 4 Deferred tax liablliy 2 2 The enacted tax rate is 40%. Required: For each sltuatton. determlne the following: {Enter your answers In thousands. negative amounts should be indicated by a minus sign. Leave no cell blank, enter "l1\" lIIIIrheIraewar applicable} H Income tax payable currentty. _ _

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