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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
Relix, Inc., is a domestic corporation with the following balance sheet for book and tax purposes at theendof the year before recording any net deferred tax asset or net deferred tax liability.
Thebeginning-of-the-year book tax basis differences for the deferred tax liabilities are listed below. Assume a 21% Federal corporate tax rate and no valuation allowance. Fill the table and determine the change in Relix's deferred tax liabilities for the current year.
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