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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, 2025. 1. Shamrock Co.

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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, 2025. 1. Shamrock Co. has developed the following schedule of future taxable and deductible amounts. 2. Bridgeport CO, has the following schedule of future taxabye and deductible amounts. Both Shamrock Co, and Bridgeport Co. have taxable income of $3,700 in 2025 and expect to have taxable income in all future years. The tax rates enacted as of the beginning of 2025 are 30% for 20252028 and 35% for years thereafter. All of the underlying temporary differences relate to noncurrent assets and liabilities. 1. Compute the net amount of deferred income taxes to be reported at the end of 2025 , and indicate how it should be classified on the balance sheet for situation one, Deferred income taxes to be reported at the end of 2025 in Shamrock Co, 2. Compute the net amount of deferred income taxes to be reported at the end of 2025 , and indicate how it should be classified on the balance sheet for situation two. Deferred income taxes to be reported at the end of 2025 intridgeport Ca.$

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