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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 $200 $200 $200 $200 $200
Deductible amount

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