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Using a 35 percent rate. a. Compute the deferred tax asset or deferred tax liability (if any) from a transaction resulting in a $31,000 temporary

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Using a 35 percent rate. a. Compute the deferred tax asset or deferred tax liability (if any) from a transaction resulting in a $31,000 temporary taxable income excess of book income over taxable income. b. Compute the deferred tax asset or deferred tax liability (if any) from a transaction resulting in an $18, 400 permanent excess of book income over taxable income. c. Compute the deferred tax asset or deferred tax liability (if any) from a transaction resulting in a $55,000 temporary excess of taxable income over book income. Corporation H's auditors prepared the following reconciliation between book and taxable income. H's tax rate is 35 percent. a. Compute Corporation H's tax expense for financial statement purposes. b. Compute Corporation H's tax payable. c. Compute the net increase in Corporation H's deferred tax assets or deferred tax liabilities (identify which) for the year

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