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Presented below are two independent situations related to future taxable and deductible amounts resulting from temporary differences existing at December 31, 2012. 1. Mooney Co.

Presented below are two independent situations related to future taxable and deductible amounts resulting from temporary differences existing at December 31, 2012. 1. Mooney Co. has developed the following schedule of future taxable and deductible amounts.

2013
2014
2015
2016
2017
Taxable amounts $300 $300 $300 $300 $300
Deductible amount

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