Question: Eight independent situations are described below. Each involves future deductible amounts and/or future taxable amounts: ($ in millions) Temporary Differences Reported First on: The Income

Eight independent situations are described below. Each involves future deductible amounts and/or future taxable amounts: ($ in millions) Temporary Differences Reported First on: The Income Statement The Tax Return Revenue Expense Revenue Expense 1. $ 27 2. $ 27 3. $ 27 4. $ 27 5. 22 27 6. 27 22 7. 22 27 17 8. 22 27 12 17 Required: For each situation, determine taxable income, assuming pretax accounting income is $170 million.

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