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Relix, Inc., is a domestic corporation with the following balance sheet for book and tax purposes at the end of the year before recording any

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Relix, Inc., is a domestic corporation with the following balance sheet for book and tax purposes at the end of the year before recording any Federal net deferred tax asset or net deferred tax liability. Based on this information, determine Relix's net deferred tax asset or net deferred tax liability at year end. Assume a 21 . Feder corporate tax rate, no state or forelgn taxes, and no need for a valuation allowance. a. The total difference in the book and tax bases of the assets is 5 which results in a gross deferred in the amount of s b. The total difference in the book and tax bases of the liabilities is 1 , which results in a gross deferred in the amount of $ c. Relix's net deferred tax at year end is \{

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