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Part 2: Patton, Inc. has two temporary differences at the end of 2019. The first difference stems from installment sales, and the second one results
Part 2: Patton, Inc. has two temporary differences at the end of 2019. The first difference stems from installment sales, and the second one results from the accrual of a contingency. Patton's accounting department has developed a schedule of future taxable and deductible amounts related to these temporary differences as follows 2020 2021 2022 2023 Future Taxable Amounts - Installment Sales S 40,000S 50,000S 60,000 S 90,000 Future Deductibl
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